NEW YORK (Standard&Poor's) Aug. 16, 2002--Standard&Poor's Ratings Services said today that it affirmed its single-'B'-minus corporate credit rating on Consolidated Container Company LLC, reflecting the company's announcement that it is in compliance with the financial covenants related to its bank facilities. At the same time, Standard&Poor's affirmed its single-'B'-minus corporate credit rating on the company's wholly owned subsidiary, Consolidated Container Capital Inc. In addition, the ratings were removed from CreditWatch, where they were placed on April 30, 2002. Atlanta, Ga.-based Consolidated is a domestic producer of rigid plastic containers. Total outstanding debt at June 30, 2002, was about $573 million. The outlook is negative. "This disclosure provides a measure of relief from immediate liquidity
