Frankfurt am Main, October 30, 2014 -- Moody's Investors Service has today upgraded the long-term ratings of Mondi Plc (Mondi) and Mondi Finance plc to Baa2 from Baa3 and the short-term rating of Mondi Finance plc to (P)P-2 from (P)P-3. The rating action reflects Mondi's (1) consistently improving profitability through a combination of investments in higher-growth, lower-cost countries; (2) cost rationalization initiatives; (3) the disposal and closure of non-core underperforming businesses and (4) diversified and resilient business model. The outlook remains stable.
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