Moody’s provides Baa2 to Bemis notes

Moody's Investors Service said it assigned a Baa2 rating to the $300 million senior unsecured notes due 2026 of Bemis Co., Inc.

The company's other ratings are unchanged.

The outlook is stable.

Proceeds will be used to pay down commercial paper debt which resulted from a previous acquisition.

Moody’s said the Baa2 senior unsecured debt rating is supported by Bemis' leading position in the industry and track record of innovation. The company has a track record of developing innovative proprietary films and value-added specialty packaging and continues to dedicate resources to the further development of new products, the agency explained.

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