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Moody’s upgrades WestRock debt to Baa2
Moody's Investors Service said it upgraded WestRock Co.’s senior unsecured rating to Baa2 from Baa3.
The outlook is stable.
"The upgrade reflects the significant progress WestRock has made in integrating the operations of Rock-Tenn Company and MeadWestvaco Corporation since their combination last July and our view that leverage (adjusted Debt to EBITDA) will be sustained around 2.5 - 2.7x," Moody’s senior vice president Ed Sustar said in a news release.
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