by Amruth Sundarkumar | Mar 14, 2022 | Corporates, Credit Ratings
US-based global food company Kraft Heinz was upgraded to BBB- from BB+ with a positive outlook by S&P Global. The upgrade comes on the back of better cost controls and prudent balance sheet management. The rating agency said that improvement in the Kraft...
by Amruth Sundarkumar | Sep 27, 2021 | Corporates
American food processing company Kraft Heinz announced last Thursday a deal to acquire Brazilian Companhia Hemmer Indústria e Comércio (Hemmer). Kraft Heinz aims to expand consumers’ taste options in Brazil and support its strategy of growing its International...
by Amruth Sundarkumar | Jun 8, 2021 | High Yield Bonds
Kraft Heinz announced a bond buyback (Term of the day, explained below) of bonds worth $2.8bn, launching a tender offer to repurchase 10 outstanding bonds. The buyback is part of its efforts to reduce its debt load post its $3bn sale of Planters to Hormel. This is...
