NEW YORK (Standard&Poor's) Aug. 23, 2006--Standard&Poor's Ratings Services said today that it placed its ratings on Atlanta, Ga.-based Consolidated Container Co. LLC, including its 'B-' corporate credit rating, on CreditWatch with negative implications. This followed the company's announcement that it will delay filing its 10-Q for the three months ended June 30, 2006, as it is in the process of evaluating the accounting implications of an expected settlement with a customer that relates to supply contracts and matters arising prior to July 1, 2006. The company intends to file its 10-Q as soon as practicable after completing its evaluation. "Until the company files its 10-Q, we expect the company to take necessary and timely steps to
