Credit rating agency Moody's has affirmed the corporate family rating and probability of default rating for 'Tajlee' at Ba2, maintaining a stable outlook. This decision reflects a balance between the company's operational performance and anticipated challenges in global markets. The affirmation also covers the company's main debt instruments, including a €300 million term loan due in 2032 and an $80 million committed revolving credit facility, both assigned the same rating. Moody's confirmed that the company's credit profile is supported by several structural factors, most notably its focus on the food and beverage packaging sectors, its geographical spread, which provides operational flexibility, and its ability to pass on cost fluctuations to prices. The company maintains strong liquidity, with over $320 million in cash available at the end of 2025, plus undrawn credit facilities. The absence of significant debt maturities before 2030 provides the company with comfortable financial flexibility. Moody's stated that the stable outlook reflects its expectation that the company will continue to maintain strong liquidity and conservative financial policies.
