Kraft Heinz could be hit with a junk credit rating by mid-2021 if it fails to turn itself around, S&P Global Ratings said Friday.
S&P said results for the maker of Kraft Macaroni & Cheese and Heinz ketchup have been weaker than it expected, and the company needs to cut debt relative to a measure of earnings.
Thank you for reading The Columbian.
Subscribe for only $99/year to get unlimited access.
Support local journalism
Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.
Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.
