Crown Holdings Inc. Outlook Revised To Positive, 'BB' Rating Affirmed - S&P Global Ratings’ Credit Research

Crown Holdings Inc. Outlook Revised To Positive, 'BB' Rating Affirmed

Crown Holdings Inc. Outlook Revised To Positive, 'BB' Rating Affirmed - S&P Global Ratings’ Credit Research
Crown Holdings Inc. Outlook Revised To Positive, 'BB' Rating Affirmed
Published Mar 25, 2010
Published Mar 25, 2010
Price US$ 150.00  |  Buy this Report Now

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Abstract:

Global can maker Crown's financial profile has been strengthening due to solid operating performance and meaningful debt reduction. As a result, we are affirming all our ratings on Crown, including the 'BB' corporate credit rating, and revising the outlook to positive from stable. We could raise the ratings within the next several quarters if the company continues to reduce debt, and demonstrates that it has the capacity to achieve and maintain a funds from operations (FFO) to total adjusted debt ratio at or above 20%. NEW YORK (Standard&Poor's) March 25, 2010--Standard&Poor's Ratings Services said today that it affirmed all its ratings on Philadelphia-based Crown Holdings Inc., including the 'BB' corporate credit rating, and revised the outlook

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Metal & Glass Containers (15103010)
Sector
Global Issuers
Country
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MLA:
S&P Global Ratings’ Credit Research. "Crown Holdings Inc. Outlook Revised To Positive, 'BB' Rating Affirmed" Mar 25, 2010. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Crown-Holdings-Inc-Outlook-Revised-To-Positive-BB-Rating-Affirmed-784671>
  
APA:
S&P Global Ratings’ Credit Research. (). Crown Holdings Inc. Outlook Revised To Positive, 'BB' Rating Affirmed Mar 25, 2010. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Crown-Holdings-Inc-Outlook-Revised-To-Positive-BB-Rating-Affirmed-784671>
  
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