Moody's eyes Schur for downgrade

Moody's Investors Service said it placed on review for downgrade the ratings of Schur Flexibles GmbH, including its B2 corporate family rating and the B2 ratings on the €475 million backed senior secured term loan B due 2028 and on the €100 million backed senior secured revolving credit facility due 2027. The outlook was changed to under review from stable.

"We have placed Schur's ratings on review for downgrade because of the sudden changes in the management team, including the CEO and CFO, which may have a potential negative impact on the company's credit profile," said Donatella Maso, a Moody's vice president, senior analyst and lead analyst for Schur, in a press release.

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