Ardagh Group Downgraded to 'SD' After Debt Restructuring

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S&P Global Ratings downgrades Ardagh Group to SD following debt restructuring, transferring ownership to noteholders and initiating court proceedings for PIK noteholders. Issue ratings on various debt types lowered to D, while Ardagh Metal Packaging Finance remains stable. New ratings expected post-restructuring.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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