SunOpta Consolidates Financials, Boosts Outlook

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On November 17, 2020, S&P Global Ratings raised its issuer credit rating on SunOpta Inc. to B- from CCC+ and its senior secured second-lien notes rating to CCC+ from CCC. The ratings agency forecasts SunOpta's operating performance to remain robust in fiscal 2021. The upgrade reflects expectation that Sunopta's year-to-date performance is sustainable, leading to ongoing EBITDA growth and margin expansion, S&P Global says. Factors include a favorable view of SunOpta's execution on the Company's ongoing improvement initiatives across business divisions, particularly growth in SunOpta's plant-based foods and beverages segment.

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