S&P affirms Keurig Green Mountain

S&P said it affirmed its BB corporate credit rating on Keurig Green Mountain Inc. The outlook is stable.

At the same time, S&P affirmed the BBB- issue-level ratings on the company's senior secured credit facilities. The 1 rating indicates an expectation for very high (90%-100%; rounded estimate: 95%) recovery to lenders in the event of a payment default.

“The ratings affirmation reflects the company's progress in lowering manufacturing and procurement costs, reducing debt, and strong cash flow generation,” said S&P credit analyst Diane Shand in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.