On Aug. 23, 2006, Standard&Poor's Ratings Services placed its ratings on Atlanta, Ga.-based Consolidated Container Co. LLC on CreditWatch with negative implications, including its 'B-' corporate credit rating. This followed the company's announcement that it will delay filing its 10-Q for the three months ended June 30, 2006, as it is in the process of evaluating the accounting implications of an expected settlement with a customer that relates to supply contracts and matters arising prior to July 1, 2006. The company intends to file its 10-Q as soon as practicable after the completion of its evaluation. Until the company files its 10-Q, Standard&Poor's expects the company to take necessary and timely steps to preserve access to
