Moody’s expects SJM leverage to fall to about 6.0x in 2026
Moody’s expects SJM Holdings’ financial leverage to improve in 2026, with higher EBITDA and modest debt reduction bringing the ratio to about 6.0x. It estimates leverage reached 8.3x to 8.7x at the end of 2025 and says liquidity should remain good, while maintaining a negative outlook because of uncertainty over earnings and customer retention.
The outlook and proposed notes affect SJM’s borrowing position and investors’ assessment of its debt risk.