Broad geographic presence, with well-established positions in higher-growth regions; Greater customer diversity than most rated peers; Favorable industry dynamics including fairly tight supply/demand and good pricing power; and Relatively stable earnings and cash flow. Aggressive debt leverage; Significant debt maturities beginning in 2011; and Meaningful cash requirements to fund postretirement obligations. The ratings on Crown Holdings Inc. reflect its satisfactory business risk profile as a leading global can manufacturer with annual sales of about $8 billion and an aggressive financial profile. The company's business strengths include leading shares in a number of segments, global operations including good positions in emerging markets with favorable long-term growth prospects, and greater customer diversity than most peers. In addition, metal packaging producers benefit from
