WebFeb 25, 2024 · Fitch Ratings has assigned Ardagh Metal Packaging an expected first-time long-term issuer default rating of B+ (EXP) with a stable outlook. The agency has also … WebFeb 24, 2024 · Ardagh Metal Packaging’s secured and unsecured debt will be denominated in euros and dollars and will represent a multiple of 3.3 times the company’s debt to earnings in 2024. Ardagh makes...
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WebJan 6, 2024 · Fitch Ratings - Stockholm - 01 Jun 2024: Fitch Ratings has downgraded Ardagh Metal Packaging SA's (AMP) Long-Term Issuer Default Rating (IDR) to 'B' from 'B+'. The Outlook is Stable. Fitch has assigned AMP's upcoming senior secured notes an expected senior secured rating of 'BB(EXP)' with Recovery Rating of 'RR1'. WebArdagh Group is a global supplier of sustainable, infinitely recyclable, metal and glass packaging for brand owners around the world. The consistent pursuit of market-leading innovation, quality and customer service, … bottle khan
Ardagh Prepares $2.3 Billion Green Junk Bond Amid SPAC Deal
WebArdagh Metal Packaging Finance plc Entity featured on Fitch Ratings. Credit Ratings, Research and Analysis for the global capital markets. WebMar 18, 2024 · Fitch Ratings has assigned Ardagh Metal Packaging S.A. (AMP) a final Long-Term Issuer Default Rating (IDR) of 'B+' with a Stable Outlook. Fitch has also … Profitability Under Pressure: In 2024 AMP's Fitch-defined EBITDA margin has been under severe pressure from cost inflation and a recent sharp decline in aluminum prices. In particular, AMP's profitability is weaker in Europe due to energy cost fluctuations. We now expect a Fitch-defined EBITDA margin of … See more AMP is one of the leading metal beverage can producers globally. Its business profile is weaker than that of higher-rated peers such as Berry Global … See more Factors that could, individually or collectively, lead to positive rating action/upgrade: - An upgrade of Ardagh's IDR from an improved consolidated credit profile - Weakening … See more Fitch's Key Assumptions Within Our Rating Case for the Issuer - Mid-teens growth of revenue during 2024-2025 - EBITDA margin at about 11.2% in 2024, rising to about 14.3% by 2025 - Issuance of preferred shares … See more International scale credit ratings of Non-Financial Corporate issuers have a best-case rating upgrade scenario (defined as the 99th percentile of … See more bottle kiln harwich