Consolidated Container Co. LLC First-Lien Debt Rating Raised To ?B+? (Recovery: 2); 'B' Rating Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research

Consolidated Container Co. LLC First-Lien Debt Rating Raised To ?B+? (Recovery: 2); 'B' Rating Affirmed; Outlook Stable

Consolidated Container Co. LLC First-Lien Debt Rating Raised To ?B+? (Recovery: 2); 'B' Rating Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research
Consolidated Container Co. LLC First-Lien Debt Rating Raised To ?B+? (Recovery: 2); 'B' Rating Affirmed; Outlook Stable
Published Jun 26, 2013
1389 words — Published Jun 26, 2013
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About This Report

  
Abstract:

We are updating our recovery analysis on Atlanta-based packaging company Consolidated Container Co. LLC based on our reassessment of a modestly higher estimated emergence EBITDA. We are raising the issue-level rating on the company's $370 million senior secured first-lien term loan to 'B+' from 'B'. We are also revising the recovery rating to '2' from '3'. The '2' recovery rating indicates our expectation for substantial (70% to 90%) recovery in the event of a payment default. We are affirming all other ratings on the company, including the 'B' corporate credit rating. The stable outlook indicates our expectation that modestly improving operating results will allow the company to maintain credit metrics that we consider appropriate for the current rating. NEW YORK

  
Brief Excerpt:

RESEARCH Consolidated Container Co. LLC First-Lien Debt Rating Raised To aÇÿB+aÇÖ (Recovery: 2); 'B' Rating Affirmed; Outlook Stable Publication date: 26-Jun-2013 Primary Credit Analyst: Daniel S Krauss, CFA, New York (1) 212-438-2641;...

  
Report Type:

Ratings Action

Ticker
15361Z
Issuer
Consolidated Container Co. LLC
GICS
Metal & Glass Containers (15103010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Consolidated Container Co. LLC First-Lien Debt Rating Raised To ?B+? (Recovery: 2); 'B' Rating Affirmed; Outlook Stable" Jun 26, 2013. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Consolidated-Container-Co-LLC-First-Lien-Debt-Rating-Raised-To-B-Recovery-2-B-Rating-Affirmed-Outlook-Stable-1152596>
  
APA:
S&P Global Ratings’ Credit Research. (). Consolidated Container Co. LLC First-Lien Debt Rating Raised To ?B+? (Recovery: 2); 'B' Rating Affirmed; Outlook Stable Jun 26, 2013. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Consolidated-Container-Co-LLC-First-Lien-Debt-Rating-Raised-To-B-Recovery-2-B-Rating-Affirmed-Outlook-Stable-1152596>
  
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