Moody's could cut BWAY

Moody's Investors Service said it placed the B2 corporate family and probability of default ratings and other instrument ratings of BWAY Parent Co. Inc. under review for downgrade.

Moody's said the review follows BWAY's Oct. 2 announcement that it entered into a definitive agreement to be acquired by an affiliate of Platinum Equity in a transaction valued at about $1.24 billion.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.