Report
EUR 220.94 For Business Accounts Only

Frigoglass SAIC: Update Following Recent Payment Default

CORPORATES CREDIT OPINION 30 June 2017 Update RATINGS Frigoglass SAIC Domicile Greece Long Term Rating Caa3 Type LT Corporate Family Ratings Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Lorenzo Re 39-02-9148-1123 VP-Senior Analyst [email protected] Giuliana
Underlying
Frigo-Pak Gida Maddeleri Sanayi ve Ticaret

Frigo-Pak AS. Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS is a Turkey-based company engaged in the production, processing and packaging of canned and frozen fruits and vegetables, carbonated drinks and fruit juices. It also produces fruit soda pops, aromatic and energy drinks and ice tea. The Company's soft drinks and fruit juices are branded as Sunpride, Joyful and Joy, and are offered in various sizes of plastic and glass bottles, and cardboard packaging. Its canned foods include pepper products, grapefruits, oranges, plums, sweet cherries, sour cherries, strawberries, red kidney beans and gherkins. Its frozen fruit products are grapes, strawberries, sour cherries, cherries, oranges, grapefruits and plums, and its frozen vegetables include tomatoes and peppers. The Company has a manufacturing plant in Inegol, Bursa. The Company exports its products primarily to the United Kingdom, the United States, Japan, Germany, as well as to eight other countries.

Provider
Moody's Investors Service
Moody's Investors Service

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