Broad geographic presence, with well-established positions in higher-growth regions; Favorable industry dynamics including fairly tight supply and demand and good pricing power; and Relatively stable earnings and cash flow. Still significant debt leverage despite recent debt reduction; Meaningful cash requirements to fund postretirement obligations; and Sizable acquisitions or shareholder rewards could delay further strengthening of the financial profile. 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 a significant financial risk 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