U.S.-based Consolidated Container Co. LLC is being acquired by affiliates of Bain Capital Partners LLC. We have affirmed the 'B' corporate credit rating on Consolidated Container, and removed the rating from CreditWatch, where it had been placed with negative implications on May 31, 2012. We are also assigning issue-level and recovery ratings to the company's proposed $370 million senior secured first-lien term loan and $250 million in senior unsecured notes. The outlook is stable, reflecting our view that improving operating results and favorable business conditions should allow Consolidated Container to maintain a financial profile consistent with the current ratings. On June 19, 2012, Standard&Poor's Ratings Services affirmed its 'B' corporate credit rating on Consolidated Container. At the same
