U.S.-based Berry Plastics Corp.'s improving operating trends and debt reduction will result in better credit metrics in our view. We affirmed our 'B' corporate credit rating and all other ratings on the company and revised the outlook to positive from stable. The positive outlook reflects the potential for a higher rating based on our expectation of gradually improving operating trends and debt reduction resulting in a stronger financial profile. On Jan. 16, 2014, Standard&Poor's Ratings Services revised its outlook on Evansville, Ind.-based plastic packaging producer Berry Plastics Corp. to positive from stable. At the same time, we affirmed our 'B' corporate credit rating on the company. We affirmed the 'B+' issue ratings on Berry's existing first-lien senior debt.
