Baa3 rating reflects company’s resilient operating performance in 2020, progress in reducing financial leverage and simplification of its capital structure
Press release
In its release, Moody’s noted: “The Baa3 rating reflects its resilient operating performance during 2020, despite its exposure to the away-from-home channel, its progress in reducing financial leverage and the simplification of its capital structure. JDE Peet’s rating is supported by the strong business profile of the group thanks to the combination of JDE’s market two position in the global coffee industry together with Peet’s Coffee’s solid positioning in the US premium coffee retail segment, benefiting from a strong portfolio of brands and good geographic diversification. The rating is also supported by the company’s strong free cash flow generation and good liquidity.”
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Enquiries
Media
Media@JDEPeets.com
+31 20 55 81600
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+31 20 55 81212
About JDE Peet’s
JDE Peet’s is the world's largest pure-play coffee and tea company by revenue and served approximately 4,500 cups of coffee or tea every second in 2020.
Attachment
- Moody’s assigns investment grade rating to JDE Peet’s
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