U.S.-based Consolidated Container Co.'s stronger earnings and less aggressive financial policies support stronger-than-expected credit measures, including adjusted debt-to-EBITDA leverage of about 4.7x by the end of fiscal 2018. We are raising the rating on Consolidated Container to 'BB-' from 'B+'. We are raising the rating Consolidated Container's senior secured notes to 'BB-' from 'B+'. The '3' recovery rating is unchanged. The stable outlook reflects our expectation that Consolidated Container will maintain credit measures in the appropriate range, with adjusted debt-to-EBITDA leverage below 5x over the next 12 months. On June 26, 2018, S&P Global Ratings raised its corporate credit rating on Atlanta-based Consolidated Container Co. to 'BB-' from 'B+'. The outlook is stable. At the same time, we raised our
