Moody's alters Verallia view to positive

Moody's Investors Service said it changed to positive from stable the outlook on Verallia SA and affirmed the company's Ba1 corporate family rating.

"The outlook change to positive reflects Verallia's track record of stronger than expected operating performance and its strengthened credit metrics, also supported by its prudent financial policy," said Donatella Maso, a Moody's vice president, senior credit officer and lead analyst for Verallia, in a press release.

"The positive outlook reflects our view that the rating could be upgraded over the next 12 to 18 months if Verallia demonstrates that it can weather the risks posed by a global economic slowdown and potential energy supply disruptions, while it continues to develop a track record of conservative financial policies," Maso added.

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