Verallia has announced that the rating agency Standard & Poor's has lowered the Group's long-term credit rating from BBB- to BB+ with a stable outlook, amid a market slowdown.
The rating for Verallia's bond debt has also been downgraded to BB+.
Verallia remains focused on further improving its competitiveness, cash generation, and deleveraging.
As of December 31, 2025, Verallia's net debt ratio stood at 2.7x adjusted EBITDA.
"The Group maintains a solid liquidity level of 870 million euros and faces no significant debt maturities before 2028," management stated.
Verallia is the world's third largest producer and the leading European producer of glass packaging for beverages and food products.
In 2025, the group produced nearly 18 billion glass bottles and jars.
At the end of 2025, the group has 35 glass production plants, 6 decoration plants and 19 cullet (used glass) treatment centres worldwide.
Net sales are distributed geographically as follows: France (24.1%), Italy (23.6%), Spain (15.8%), Germany (11.6%), Brazil (6.4%) and other (18.5%).
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