S&P snips Amphora

S&P said it downgraded the ratings on Amphora Intermediate II Ltd. and its £301 million term loan to B- from B.

“We estimate that the recent challenges at the Berri Estate factory and lower-than-anticipated efficiency of the new lines will put pressure on the company's leverage and margins,” said S&P in a press release.

Accolade Wines recently invested to automate and bring in-house all its Australian bottling and warehousing activities and to add sparkling wine capabilities to its factory located at Berri Estate, Australia.

The outlook is stable.

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