On Aug. 17, 2005, Standard&Poor's Ratings Services revised its outlook on Consolidated Container Co. LLC to stable from positive and affirmed its ratings on the company (see list below). The outlook revision reflects challenging industry conditions which have forestalled the expected trend of improvement to the company's financial profile. Credit statistics have reflected a modest increase to debt levels and limited cash flow generation in recent quarters, resulting in a ratio of total debt (adjusted to capitalize operating leases) to EBITDA above 7x as of June 30, 2005. Atlanta, Ga.-based Consolidated Container had about $576 million of debt outstanding at June 30, 2005. The ratings on Consolidated Container Co. LLC and its wholly owned subsidiary, Consolidated Container Capital
