Consolidated Container Outlook Revised To Positive From Negative; 'B-' Credit Rating Affirmed - S&P Global Ratings’ Credit Research

Consolidated Container Outlook Revised To Positive From Negative; 'B-' Credit Rating Affirmed

Consolidated Container Outlook Revised To Positive From Negative; 'B-' Credit Rating Affirmed - S&P Global Ratings’ Credit Research
Consolidated Container Outlook Revised To Positive From Negative; 'B-' Credit Rating Affirmed
Published Mar 06, 2007
701 words — Published Mar 06, 2007
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Abstract:

NEW YORK (Standard&Poor's) March 6, 2007--Standard&Poor's Ratings Services said today that it revised its outlook on Consolidated Container Co. LLC and its wholly owned subsidiary Consolidated Container Capital Inc. to positive from negative, and affirmed its 'B-' corporate credit rating on the companies. At the same time, we assigned a 'B-' bank loan rating and a recovery rating of '2' to the company's proposed $390 million first-lien term loan indicating our expectation for a substantial recovery of principal in the event of a payment default. We also assigned a 'CCC' bank loan rating and a '5' recovery rating to a proposed $250 million second-lien term loan, indicating our expectation for a negligible recovery of principal in

  
Brief Excerpt:

RESEARCH Consolidated Container Outlook Revised To Positive From Negative; 'B-' Credit Rating Affirmed Publication date: 06-Mar-2007 NEW YORK (Standard & Poor's) March 6, 2007--Standard & Poor's Ratings Services said today that it revised...

  
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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MLA:
S&P Global Ratings’ Credit Research. "Consolidated Container Outlook Revised To Positive From Negative; 'B-' Credit Rating Affirmed" Mar 06, 2007. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Consolidated-Container-Outlook-Revised-To-Positive-From-Negative-B-Credit-Rating-Affirmed-565249>
  
APA:
S&P Global Ratings’ Credit Research. (). Consolidated Container Outlook Revised To Positive From Negative; 'B-' Credit Rating Affirmed Mar 06, 2007. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Consolidated-Container-Outlook-Revised-To-Positive-From-Negative-B-Credit-Rating-Affirmed-565249>
  
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