U.S.-based BWAY Holding Co.'s realization of synergies from the Ropak Packaging acquisition and predictable business prospects will support stable credit metrics in our view. We revised the outlook to stable from negative. We affirmed our 'B' corporate credit rating and all other ratings on the company. The stable outlook reflects the relatively steady demand and operating trends, which we believe should continue to reflect our assessment of a "highly leveraged" financial risk profile and adequate liquidity. On Jan. 23, 2014, Standard&Poor's Ratings Services revised its outlook on Atlanta-based BWAY Holding Co. and all related rated entities, including BOE Intermediate Holding Corp., BWAY Parent Co. Inc., and BWAY Corp. (collectively, BWAY), to stable from negative. At the same time,
