OVERVIEW U.S.-based Berry Plastics Corp. announced an initial public offering of its common stock. We placed all ratings on the company on CreditWatch with positive implications pending further review of the proposed transaction details, including the use of proceeds and expected impact to the financial risk profile. The CreditWatch with positive implications means that we could raise or affirm the ratings following the completion of our review. NEW YORK (Standard&Poor's) Sept. 20, 2012--Standard&Poor's Ratings Services today placed all of its ratings on Berry Plastics Corp., including the 'B-' corporate credit rating, on CreditWatch with positive implications. "The CreditWatch placement follows the announcement that the company could issue up to $538 million in common stock," said credit
