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Prospect News home > News index > List of issuers M > Headlines for Mauser Packaging Solutions Holding Co. > News item
Published on 6/3/2020 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Fitch cuts Mauser Packaging

Fitch Ratings said it downgraded Mauser Packaging Solutions Holding Co.’s long-term issuer default rating to B- from B.

Also, Fitch downgraded the company’s senior secured ABL credit facility to BB-/RR from BB/RR1, senior secured term loan and senior secured notes to B/RR3 from BB-/RR2 and senior unsecured notes to CCC/RR6 from CCC+/RR6.

“The downgrade reflects the company’s recent historical and forecasted EBITDA, FCF and fixed charge coverage below Fitch’s prior expectations,” Fitch said in a press release.

The outlook is stable.


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