S&P: Bemis Co. Inc.'s Proposed Senior Unsecured Notes Rated 'BBB'
The ratings on Bemis reflect its satisfactory business position as a leading producer of value-added flexible packaging and its intermediate financial risk profile. The majority of sales are to the food industry, resulting in considerable stability of demand through economic cycles. We expect good cash-generating ability and management's commitment to maintaining a financial risk profile consistent with the current ratings, while pursuing a disciplined growth strategy and shareholder rewards. We expect Bemis will continue to maintain its funds from operations to total adjusted debt in the 28% to 40% range for the current ratings.
For the latest full corporate credit rating rationale, see S&P Global Ratings' summary analysis on Bemis published March 31, 2015.
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