Moody's revises Greif view to stable

Moody's Investors Service said it affirmed Greif, Inc.'s ratings, including the B1 senior unsecured bond ratings, and revised the rating outlook to stable from negative. Moody's also upgraded the speculative grade liquidity rating to SGL-1 from SGL-2.

"The stable outlook reflects Moody's view that earnings and credit metrics will improve in 2021 as the global economy recovers from the coronavirus pandemic and the company continues to pay down debt from free cash flow and the proceeds of the completed timberland sale," said Anastasija Johnson, senior credit officer at Moody's, in a press release.

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