Moody’s: WestRock notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to WestRock Co.'s proposed senior unsecured notes maturing in 2024 and 2027.

The company’s Baa2 issuer rating and stable outlook are unchanged.

“WestRock's Baa2 senior unsecured rating reflects adjusted leverage of about 2.5x and the company's leading market position in corrugated and consumer paper packaging, an industry characterized by resilient demand with few suppliers,” the agency said in a news release.

“We expect WestRock's adjusted debt/EBITDA will be maintained at current levels, in-line with the company's stated leverage target.”

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