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Published on 9/3/2019 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch rates Smurfit Kappa notes BB+

Fitch Ratings said it assigned an expected rating of BB+ to Smurfit Kappa Treasury Unlimited Co.’s proposed €500 million bond due 2027. The rating is aligned with that of Smurfit Kappa Group plc.

Proceeds will be used to repay €250 million of notes due 2020 and €250 million of €500 million of notes due 2021.


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