Standard & Poor’s lowers Verallia's credit rating

Published 16th March, 2026 by Greg Morris

Credit rating agency Standard & Poor's has lowered Verallia's long-term credit rating from BBB- to BB+ with a stable outlook, amid market slowdown.

The rating assigned to Verallia's unsecured notes has also been downgraded to BB+.

Verallia said it is focused on continuing to improve its competitiveness, cash generation and deleveraging.

As of 31 December 2025, Verallia’s net debt ratio was 2.7x adjusted EBITDA.

In addition, the group said it has maintained a strong level of liquidity of €870 million with no significant debt maturing before 2028.

Greg Morris

Glass International Editor

Greg Morris has been editor of Glass International and organiser of the Glassman conferences since 2012, specialising in glass packaging. Prior to this he spent five years working in newspaper journalism.