Crown Holdings Inc. Upgraded To 'BB' From 'BB-'; Outlook Stable - S&P Global Ratings’ Credit Research

Crown Holdings Inc. Upgraded To 'BB' From 'BB-'; Outlook Stable

Crown Holdings Inc. Upgraded To 'BB' From 'BB-'; Outlook Stable - S&P Global Ratings’ Credit Research
Crown Holdings Inc. Upgraded To 'BB' From 'BB-'; Outlook Stable
Published Apr 15, 2009
Published Apr 15, 2009
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) April 15, 2009--Standard&Poor's Ratings Services said today that it raised its ratings on Crown Holdings Inc. and its subsidiaries, including its corporate credit rating to 'BB' from 'BB-'. The outlook is stable. In addition, Standard&Poor's raised the senior secured debt ratings on Crown to 'BB+' from 'BB'. The recovery ratings on the senior secured debt remain unchanged at '2', indicating our expectation of substantial (70% to 90%) recovery in a payment default. Standard&Poor's also raised the senior unsecured debt ratings, to 'BB-' on issues that are guaranteed and to 'B+' on issues that are not guaranteed, from 'B'. At the same time, we assigned recovery ratings to the senior

  
Report Type:

Ratings Action

Ticker
CCK
Issuer
Crown Holdings Inc.
GICS
Metal & Glass Containers (15103010)
Sector
Corporations , Global Issuers , Packaging
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Crown Holdings Inc. Upgraded To 'BB' From 'BB-'; Outlook Stable" Apr 15, 2009. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Crown-Holdings-Inc-Upgraded-To-BB-From-BB-Outlook-Stable-715833>
  
APA:
S&P Global Ratings’ Credit Research. (). Crown Holdings Inc. Upgraded To 'BB' From 'BB-'; Outlook Stable Apr 15, 2009. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Crown-Holdings-Inc-Upgraded-To-BB-From-BB-Outlook-Stable-715833>
  
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