Fitch affirms Smurfit Kappa

Fitch Ratings said it affirmed Smurfit Kappa Group plc's long-term issuer default rating at BB+.

The outlook is stable.

The senior unsecured ratings of Smurfit Kappa Acquisitions and Smurfit Kappa Treasury Funding were also affirmed at BB+.

“The affirmation reflects the group's solid financial performance in 2017 with EBITDA margin remaining above 14% despite higher raw material costs and significant adverse foreign currency impact,” Fitch said in a news release.

“The group's improving geographical diversification continues to underpin SKG's leading packaging market position in both Europe and the Americas.”

© 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.