On Nov. 2, 2006, Standard&Poor's Ratings Services affirmed its ratings on Consolidated Container Co. LLC (see list below) and removed all ratings from CreditWatch with negative implications, where they were placed on Aug. 23, 2006. The CreditWatch placement had followed the company's announcement that it would delay filing its June 30, 2006, 10-Q, due to an evaluation of the accounting implications of a settlement agreement with a customer related to historical bottle and resin supply contracts. The outlook is negative. Atlanta, Ga.-based Consolidated Container had total debt outstanding of about $592 million at June 30, 2006. The affirmation of the ratings follows Consolidated Container's October 2006 announcement that it has concluded its accounting review. The company also reported
