Standard & Poor's Upgrades Verallia's Credit Rating From BB+ to BBB- With a Positive Outlook
May 05 2023 - 12:00PM
Business Wire
Regulatory News:
Verallia (Paris:VRLA) announces that Standard & Poor's has
upgraded the Group's long-term credit rating to BBB- with a
positive outlook.
The issue rating on the group’s two Sustainability-Linked bonds
of 500 millions euros each, issued on May and November 2021, is
also raised to BBB-.
This upgrade is a sign of full recognition of the Group's
financial strength and the robustness of its profitable growth
business model.
Verallia is now rated Baa3 by Moody’s with a stable outlook and
BBB- by Standard & Poor's with a positive outlook.
"The upgrade of Verallia's credit rating by Standard &
Poor’s, shortly after the upgrade of the credit rating by Moody's,
confirms the Investment Grade status of the Group. It reflects
Standard & Poor’s confidence in our financial policy and in the
robustness of our operational performance and profitable growth
strategy, reinforced by a clear decarbonation roadmap." said
Nathalie Delbreuve, Chief Financial Officer of Verallia.
About Verallia
At Verallia, our purpose is to re-imagine glass for a
sustainable future. We want to redefine how glass is produced,
reused and recycled, to make it the world's most sustainable
packaging material. We are joining forces with our customers,
suppliers and other partners across the value chain to develop
beneficial and sustainable new solutions for all.
With more than 10,000 employees and 34 glass production
facilities in 12 countries, we are the European leader and the
world's third-largest producer of glass packaging for beverages and
food products. We offer innovative, customised and environmentally
friendly solutions to over 10,000 businesses worldwide.
In 2022, Verallia produced close to 17 billion glass bottles and
jars and posted revenue of €3.4 billion Verallia is listed on
compartment A of the regulated market of Euronext Paris (Ticker:
VRLA – ISIN: FR0013447729) and is included in the following
indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid &
Small and CAC All-Tradable.
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version on businesswire.com: https://www.businesswire.com/news/home/20230505005248/en/
Verallia press service Annabel Fuder & Stéphanie
Piere verallia@wellcom.fr | +33 (0)1 46 34 60 60
Verallia investor relations contact Alexandra Baubigeat
Boucheron | alexandra.baubigeat-boucheron@verallia.com
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