| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers K > Headlines for Kraft Heinz Co. > News item |
Fitch affirms Kraft Heinz
Fitch Ratings said it affirmed Kraft Heinz Co.’s long-term issuer default rating at BBB- and short-term issuer default rating at F3.
The outlook is stable.
“Kraft Heinz generated $26 billion annual revenue in 2017. Its portfolio includes eight $1 billion-plus brands and many other large and well-known household brands. Kraft Heinz is heavily exposed to the mature North American market, which makes up about 80% of sales and EBITDA,” Fitch said in a news release.
“In addition, another 9% of its revenue comes from EMEA. Kraft Heinz's organic sales were down 1.5% in the first quarter of 2018, after declining 1% in 2017.
“Fitch expects full-year 2018 top-line growth to be flattish. Beyond 2018, Fitch forecasts that the overall organic growth rate to be modestly positive, assuming the North American and European businesses stabilize.”
© 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.