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

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

Consolidated Container Outlook Revised To Stable From Positive; 'B-' Credit Rating Affirmed - S&P Global Ratings’ Credit Research
Consolidated Container Outlook Revised To Stable From Positive; 'B-' Credit Rating Affirmed
Published Aug 17, 2005
Published Aug 17, 2005
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Abstract:

NEW YORK (Standard&Poor's) Aug. 17, 2005--Standard&Poor's Ratings Services said today that it revised its outlook on Consolidated Container Co. LLC to stable from positive and affirmed its 'B-' corporate credit rating and other ratings on the company. "The outlook revision reflects challenging industry conditions which have forestalled the expected trend of improvement to the company's financial profile," said Standard&Poor's credit analyst Liley Mehta. Credit statistics have reflected a modest increase to debt levels and limited cash flow generation in recent quarters, resulting in a ratio of total debt (adjusted to capitalize operating leases) to EBITDA above 7x as of June 30, 2005. Atlanta, Ga.-based Consolidated Container had about $576 million of debt outstanding at

  
Report Type:

Ratings Action

Ticker
15361Z
Issuer
GICS
Metal & Glass Containers (15103010)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Consolidated Container Outlook Revised To Stable From Positive; 'B-' Credit Rating Affirmed" Aug 17, 2005. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Consolidated-Container-Outlook-Revised-To-Stable-From-Positive-B-Credit-Rating-Affirmed-458009>
  
APA:
S&P Global Ratings’ Credit Research. (). Consolidated Container Outlook Revised To Stable From Positive; 'B-' Credit Rating Affirmed Aug 17, 2005. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Consolidated-Container-Outlook-Revised-To-Stable-From-Positive-B-Credit-Rating-Affirmed-458009>
  
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