PARIS (S&P Global Ratings) May 5, 2025--S&P Global Ratings today published the latest edition of its weekly newsletter, "This Week In Credit," a data-driven research snapshot that provides forward-looking, actionable insights on weekly market-moving credit trends every Monday. Net rating activity turned negative last week, as downgrades outnumbered upgrades and included a fallen angel, U.S.-based consumer packaging company Berry Global Group Inc. On the positive side, we added a rising star, U.S.-based consumer producer Whirlpool Corp. Three quarters of downgrades originated from three sectors: consumer products, forest products and building materials, and real estate. The weekly default count rose to four, up from just one in the previous week, with two issuers each from Luxembourg and the U.S., and three
