...+ Crown Holdings Inc.'s integration of Signode Industrial Group Holdings (Bermuda) Ltd. is proceeding as planned, and we see strong cash flows from the combined business as a path to reducing S&P Global Ratings-adjusted leverage to below 5x over the next 12 months. + Therefore, we raised the issuer credit rating on Crown to '##+' from '##'. + We also raised the issue-level ratings on Crown in conjunction with the issuer credit rating, including the senior secured facilities to '###-' from '##+', Crown European Holdings SA's unsecured notes to '##+' from '##', and Crown's domestic debt to '##-' from 'B+'. + The stable outlook reflects our expectation the Crown will continue to generate strong cash flows following the Signode integration and will prioritize repaying debt such that the company's debt-to-EBITDA will approach the mid-4x range by the end next year. NEW YORK (S&P Global Ratings) Oct. 18, 2018--S&P Global Ratings, today raised its issuer credit rating on Crown Holdings Inc. (Crown)...
