At least three companies received revisions on high yield bond ratings during the week of January 25 – January 29, 2021. These revisions caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies, while one received a stable outlook.
All three companies came from the Industrials sector during this week.
Greif Inc., an Ohio-based manufacturing plant that focuses on industrial packaging and containers, had noticeable decline in its 2020 fiscal year due to COVID-19. On the plus side, the company did reduce its debt burden.
S&P downgraded Grief Inc. to BB-, but issued a stable outlook.
READ MORE: New Chapter 11 Filings, Disclosures: January 25 – January 29, 2021
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