Report
EUR 230.98 For Business Accounts Only

Frigoglass SAIC: New issuer report

Our credit view of Frigoglass SAIC, reflecting its moderate leverage and improved profitability, although the risks related to customer concentration remain.
Underlying
Frigoglass S.A.I.C.

Frigoglass is a manufacturer in the global Ice Cold Merchandisers (Beverage Coolers) market and is a glass bottle producer in West Africa, meeting the needs of beverage customers across all beverage segments. Co.'s operations span over 19 countries across five continents, including production hubs in Romania, Russia, Greece, Turkey, India, China, Indonesia, South Africa, Nigeria, and the USA and sales offices in Poland, Norway, Ireland, Kenya, Philippines and Germany, France, Malaysia and Australia. Co.'s customer base consists of the Coca-Cola Company Bottlers, Pepsi, brewers (such as Heineken, SABMiller, Carlsberg, ABInbev, Efes), and dairy companies (Nestle, Danone).

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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