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BASIC INDUSTRIES: Berry Global (BERY Ba1/BB+*+/BB+): S&P CreditWatch Positive

BASIC INDUSTRIES
USBulletCredit BulletsNorth America
  • An upgrade of up to 2 notches could follow completion (in-line with Amcor) depending on Berry’s group status under Amcor.
  • It sees the deal as positive for Amcor’s business risk profile due to improved scale and diversification, while noting the announced $650mn expected synergies.
  • It expects Amcor‘s rating to remain unchanged after closing, as we expected https://mni.marketnews.com/4fTwYfS.
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  • An upgrade of up to 2 notches could follow completion (in-line with Amcor) depending on Berry’s group status under Amcor.
  • It sees the deal as positive for Amcor’s business risk profile due to improved scale and diversification, while noting the announced $650mn expected synergies.
  • It expects Amcor‘s rating to remain unchanged after closing, as we expected https://mni.marketnews.com/4fTwYfS.