We still consider that Mabe is on track to bring its leverage ratio below 3.0x before the end of the year. However, up to now the company's deleveraging has been slower than what we originally expected and hasn't yet hit the required leverage threshold to reach the investment-grade rating. We're affirming our 'BB+' corporate credit and issue-level ratings on Mabe. The recovery rating of '3' remains unchanged. The positive outlook continues to reflect our view that Mabe will maintain its financial discipline and commitment to improve leverage metrics through debt repayments, which would reduce its adjusted debt to about $775 million within the next five months. An upgrade would follow the completion of Mabe's debt reduction plan that results in
