DBRS Morningstar released a commentary titled “Global 2023 Outlook for Consumer Staples Companies: Steady Sailing Through Strong Headwinds.” Our neutral outlook for this sector reflects our view that the credit risk profiles of consumer staples companies are generally well positioned to navigate near-term economic turbulence stemming from high inflation, elevated interest rates, and eroding consumer purchasing power. While we acknowledge that these headwinds could pressure 2023 operating perform...
Please refer to PDF document for more detail about our research: DBRS Morningstar Changes Trends on Kruger Products L.P.’s Ratings to Negative From Stable, Confirms Issuer Rating at BB and Senior Unsecured Notes Rating at B (high)
Please refer to PDF document for more detail about our research: DBRS Morningstar Confirms Kruger Products L.P.’s Issuer Rating at BB and Senior Unsecured Notes Rating at B (high); Removes Ratings from Under Review with Developing Implications
DBRS Limited (DBRS Morningstar) confirmed Kruger Products L.P.’s (KPLP or the Company) Issuer Rating at BB and its Senior Unsecured Notes (the Notes) rating at B (high), both with Stable trends. The recovery rating on the Notes remains RR6. Although the Company’s credit metrics weakened within the BB rating category, DBRS Morningstar confirmed the ratings as it expects sufficient top-line growth over the medium term to absorb the source of recent pressure on earnings. KPLP’s credit risk pr...
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