Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Greif Inc. > News item |
S&P: Greif unaffected
Standard & Poor's said that its ratings and outlook on Greif Inc. (BB+/stable) are not immediately affected by the company's announcement that it will acquire Blagden Packaging Group's steel drum manufacturing and closures business in Europe and Asia.
Given Greif's previous announcement of the Delta Petroleum Co., S&P said this transaction will put some pressure on leverage.
However, the agency said the acquisition bolsters Greif's position in industrial packaging business, and S&P expects Greif to continue to generate good earnings and free cash flow.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.