May 24, 2024 13:41 GMT
Verallia (VRLAFP Baa3/BBB-/NR): S&P Outlook Stable
BASIC INDUSTRIES
• S&P has revised Verallia’s outlook to stable from positive.
• Upgrade potential has diminished due to weaker market conditions since 1H23.
• Sees leverage above 2x at year end, upgrade would require well below 2x sustained and FFO / debt > 40%.
• Spreads 4-5 wider.
Keep reading...Show less
44 words