Sappi Limited -- Moody's upgrades Sappi to Ba2; stable outlook

Frankfurt am Main, November 23, 2016 -- Moody's Investors Service, ("Moody's") has today upgraded the corporate family rating (CFR) of Sappi Limited (Sappi) to Ba2 from Ba3, as well as its probability of default rating (PDR) to Ba2-PD from Ba3-PD. Concurrently, Moody's has also upgraded the ratings of instruments issued by Sappi's guaranteed subsidiary Sappi Papier Holding GmbH: senior unsecured notes (due 2017, 2022 and 2023) and revolving credit facility (due 2020) to Ba2 from Ba3 and senior unsecured notes (due 2032) to B1 from B2. Moody's has also changed the outlook on all ratings to stable from positive.

Vollständigen Artikel bei Moodys lesen