NEW YORK (Standard&Poor's) Sept. 22, 2006--Standard&Poor's Ratings Services said today that it lowered its corporate credit rating on Berry Plastics Holding Corp. to 'B' from 'B+' following successful completion of the acquisition of the company by private equity firms, Apollo Management L.P. and Graham Partners. We removed the ratings from CreditWatch, where they were placed with negative implications on Aug. 3, 2006. The outlook is stable. Pro forma for the transaction, Evansville, Ind.-based Berry had total debt outstanding of about $1.9 billion at July 1, 2006. Berry Plastics Holding Corp. is the parent of Complete ratings information is available to subscribers of RatingsDirect, the real-time Web-based source for Standard&Poor's credit ratings, research, and risk
