NEW YORK (Standard&Poor's CreditWire) June 17, 1999—Standard&Poor's today assigned its double-'B'-minus corporate credit rating to Consolidated Container Co. LLC. and co-issuer Consolidated Container Capital Inc. (collectively, Consolidated Container). At the same time, Standard&Poor's assigned its double-'B'-minus rating to the company's $475 million senior secured credit facility and its single-'B' rating to $185 million of senior subordinated notes due 2009 that will be sold pursuant to Rule 144A with registration rights. The outlook is stable. The ratings on Consolidated Container reflect the packaging firm's solid positions in several market sectors, offset to a large extent by a weak financial profile. Consolidated Container was formed with the merger of the U.S. packaging operations of Suiza Foods
