Fitch Downgrades CANPACK to ‘BB-‘ with a Negative Outlook

Business Update    |   December 15, 2022

Kraków, Poland (December 15, 2022) – Fitch Ratings has downgraded CANPACK’s Long-Term Issuer Default Rating (IDR) to ‘BB-‘ from ‘BB’. The Outlook is Negative. As covered during the investor call held on November 30, 2022, CANPACK is taking aggressive actions to improve performance.