Moody's Ratings assigns Baa2 rating to Avery's EURO senior notes
Moody's Ratings (Moody's) has assigned a Baa2 rating to Avery Dennison Corporation's ("Avery") proposed EURO senior unsecured notes. The proceeds of the notes will be used to repay in full the EUR500 million notes when they become due in March 2025 and for general corporate purposes. Avery's Baa2 se...Avery Dennison is engaged in the production of pressure-sensitive materials and a variety of tickets, tags, labels and other converted products. The company sells its pressure-sensitive materials to label printers and converters that convert the materials into labels and other products through embossing, printing, stamping and die-cutting. The company sells other pressure-sensitive materials in converted form as tapes and reflective sheeting. The company also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification inlays and tags, and imprinting equipment and related solutions.
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