Moody's assigns Ba1 to Ball Corp's proposed $1 billion senior unsecured notes due 2029

Ball Corporation: Ball Corp's planned debt reduction from Aerospace sale and free cash flow generation are credit positive - Issuer Comment – 2023/08/21 – US$ 200.00 – ...Corporate Family Rating Ba1 Probability of Default Rating Ba1-PD Senior Secured Baa3 Senior Unsecured Ba1 Speculative Grade Liquidity Rating SGL-2 Outlook Negative Source: Moody's Investors Service...

Moody's says Ball Corp's planned debt reduction from Aerospace sale and free cash flow generation is credit positive - Announcement – 2023/08/21 – US$ 180.00

Ball Corporation: Covenant Quality Post-Sale Snapshot: $1,000m 6.000% Senior Notes due 2029 - Covenant Quality Assessment – 2023/06/07 – US$ 750.00 – ...+ HY-lite covenant package. Lacks both restricted payments and debt incurrence covenants. + Liens subordination. Negative pledge and sale/leaseback covenant only apply to Principal Property or capital stock or debt of any subsidiary. + Change of control. All three events are subject to a downgrade condition requiring a below-IG rating of the Notes by all three rating agencies....

Ball Corporation - March 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/05/29 – US$ 750.00 – ...Ball Corporation Crown Holdings, Inc. Berry Global Group Inc. Sealed Air Corp. Ba1 Negative Ba1 Stable Ba1 Stable Ba1 Stable...

Ball Corporation: Key facts and statistics - 2022 - Issuer Profile – 2023/05/24 – US$ 200.00 – ...Ball Corporation (Ball) is a US-based manufacturer of aluminum packaging, mainly for the beverage, personal care and household products industries, and a supplier of aerospace and other technologies and services to government and commercial customers. Ball operates in North, Central and South America, Europe, Asia, the Middle East and Africa, and has manufacturing operations in 26 countries. Its principal region is the US, which accounted for around 55.3% of its $15.3 billion revenue in the fiscal year that ended 31 December 2022 (2022). Ball was established in 1880 as Wooden Jacketed Can Company in New York. In 1886, it was incorporated as Ball Brothers Glass Manufacturing Company and was renamed Ball Corporation in 1969. Ball went public in 1972, since 1973 the company has been listed on the New York Stock Exchange (ticker: BALL). As of 31 December 2022, the company's largest shareholder was The Vanguard Group, which held 11.3% of its total share capital....

Ball Corporation - December 2022 (LTM): Peer Snapshot - Peer Snapshot – 2023/03/20 – US$ 750.00 – ...Sealed Air Corp. Ball Corporation Crown Holdings, Inc. Berry Global Group Inc. Greif, Inc. Ba1 Negative Ba1 Stable Ba1 Stable Ba1 Stable Ba1 Stable...

Ball Corporation: Covenant Quality Post-Sale Snapshot: $750m 6.875% Senior Notes due 2028 - Covenant Quality Assessment – 2022/12/16 – US$ 750.00 – ...+ HY-lite covenant package. Lacks both restricted payments and debt incurrence covenants. + Liens subordination. Negative pledge and sale/leaseback covenant only apply to Principal Property or capital stock or debt of any subsidiary. + Change of control. All three events are subject to a downgrade condition requiring a below-IG rating of the Notes by all three rating agencies....

Ball Corporation - September 2022 (LTM): Peer Snapshot - Peer Snapshot – 2022/11/28 – US$ 750.00 – ...Ba1 Negative Ba1 Stable Ba1 Stable Ba1 Stable Ba1 Stable Sealed Air Corp. Ball Corporation Crown Holdings, Inc. Berry Global Group Inc. Greif, Inc....

Ball Corporation: Update post outlook change to negative - Credit Opinion – 2022/11/15 – US$ 250.00 – ...Our credit rating on Ball Corporation (Ball) (Ba1 Corporate Family Rating (CFR), negative outlook) reflects the company's superior position in the consolidated and recession resilient metal can industry. The company has strong innovation capabilities to enhance its product offering and margins. Such innovation includes lightweighting aerosol cans, commercializing an infinitely recyclable aluminum cup, and further implementation of new specialty beverage can and aluminum bottle shaping technology. The company has developed strong and long lasting customer relationships with large blue-chip companies. Business is done through long-term contracts, which creates high customer switching costs and some predictability of earnings, and also enables the efficient pass through of raw material cost inflation to reduce margin fluctuation. In addition, Ball proactively hedges its aluminum costs to avoid large cost volatility from commodity price swings. Ball also operates an aerospace business accounting...

Moody's affirms Ball Corp's Ba1 CFR, assigns Ba1 to $750 million senior unsecured notes; outlook changed to negative - Rating Action – 2022/11/09 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...