S&P lifts Jacobs Douwe view to positive

S&P said it revised the outlook on Jacobs Douwe Egberts International BV to positive from stable and affirmed the BB ratings on the group and its senior secured debt.

The company is deleveraging faster than before thanks to improved profitability and lower mergers and acquisitions activity, the agency explained.

S&P said it thinks that continued product innovation, decreasing integration costs and low global green coffee prices will continue to support the group's current profitability levels.

That should enable further de-leveraging to less than 4x within the next 12 months, the agency said.

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