Weener Plastics Group B.V. Ratings Withdrawn At The Issuer's Request - S&P Global Ratings’ Credit Research

Weener Plastics Group B.V. Ratings Withdrawn At The Issuer's Request

Weener Plastics Group B.V. Ratings Withdrawn At The Issuer's Request - S&P Global Ratings’ Credit Research
Weener Plastics Group B.V. Ratings Withdrawn At The Issuer's Request
Published Oct 18, 2024
2 pages (1050 words) — Published Oct 18, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

FRANKFURT (S&P Global Ratings) Oct. 18, 2024--S&P Global Ratings today withdrew its 'B' long-term issuer credit rating on Netherlands-based packaging producer Weener Plastics Group B.V. at the issuer's request. The rating action follows the completion of the group's takeover by Silgan Holdings Inc. (BB+/Stable/--). We also withdrew our ratings on the debt issued by Weener Plastics, as it was repaid in full upon completion of the acquisition by Silgan Holdings on Oct. 15, 2024. The ratings were on CreditWatch with positive implications at the time of the withdrawal. Weener Plastics Group B.V., Aug. 15, 2024

  
Brief Excerpt:

...October 18, 2024 FRANKFURT (S&P Global Ratings) Oct. 18, 2024--S&P Global Ratings today withdrew its 'B' long-term issuer credit rating on Netherlands-based packaging producer Weener Plastics Group B.V. at the issuer's request. The rating action follows the completion of the group's takeover by Silgan Holdings Inc. (##+/Stable/--). We also withdrew our ratings on the debt issued by Weener Plastics, as it was repaid in full upon completion of the acquisition by Silgan Holdings on Oct. 15, 2024. The ratings were on CreditWatch with positive implications at the time of the withdrawal....

  
Report Type:

Ratings Action

Issuer
Weener Plastics Group B.V.
Sector
Global Issuers
Country
Netherlands
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Weener Plastics Group B.V. Ratings Withdrawn At The Issuer's Request" Oct 18, 2024. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Weener-Plastics-Group-B-V-Ratings-Withdrawn-At-The-Issuer-s-Request-3270029>
  
APA:
S&P Global Ratings’ Credit Research. (). Weener Plastics Group B.V. Ratings Withdrawn At The Issuer's Request Oct 18, 2024. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Weener-Plastics-Group-B-V-Ratings-Withdrawn-At-The-Issuer-s-Request-3270029>
  
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