U.S.-based packaging company Consolidated Container Co. LLC's (Consolidated Container) credit and profitability measures have deteriorated due to weak demand in its dairy segment, and underperformance of its recently acquired recycled resins business. We are revising our rating outlook on Consolidated Container to negative from stable and affirming all of our ratings on the company, including the 'B-' corporate credit rating. At the same time we are revising our assessment of its business risk to "weak" from "fair." In our assessment, the company's financial risk profile remains "highly leveraged." The negative outlook reflects our view that we could lower the ratings over the next 12 months if operating performance weakens further and liquidity becomes constrained. On June 25, 2015, Standard&
