Fitch rates Ardagh notes BB+, BB-

Fitch Ratings said it gave Ardagh Metal Packaging SA’s upcoming notes an expected senior secured rating of BB+/RR1/100% and senior unsecured rating of BB-/RR3/59%. Fitch also assigned an expected B+ first-time long-term issuer default rating to the company.

“AMP’s IDR is aligned with and based on the consolidated credit profile of parent Ardagh Group SA’s (Ardagh; B+/stable). This reflects moderate linkage between AMP and Ardagh under our parent and subsidiary linkage (PSL) rating criteria,” Fitch said in a press release.

The outlook is stable.

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