S&P global ratings upgrades Brambles' credit rating to A-

On October 29, 2025, Brambles Limited announced that S&P Global Ratings upgraded its credit rating from BBB+/Stable/A-2 to A-/Stable/A-2. This upgrade reflects the company's strong operational and financial performance, signifying enhanced financial standing.

The upgrade follows a comprehensive S&P review, which concluded that Brambles' improved operating efficiency and profitability strengthened its competitive position and resilience. This assessment resulted in a shift in the company's business risk rating from "satisfactory" to "strong." Brambles confirmed no changes to its publicly communicated financial policy limits are required as a result of this upgrade.

Brambles Limited operates in approximately 60 countries, primarily through its CHEP brand, managing an asset pool of 348m pallets, crates, and containers. The company is listed on the Australian Securities Exchange and is an ASX20 constituent.