Research Update: Crown Holdings Inc. Rating Raised To 'BB' From 'BB-'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Crown Holdings Inc. Rating Raised To 'BB' From 'BB-'; Outlook Stable

Research Update: Crown Holdings Inc. Rating Raised To 'BB' From 'BB-'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Crown Holdings Inc. Rating Raised To 'BB' From 'BB-'; Outlook Stable
Published Apr 15, 2009
Published Apr 15, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On April 15, 2009, Standard&Poor's Ratings Services raised its ratings on Crown Holdings Inc. and its subsidiaries, including its corporate credit rating to 'BB' from 'BB-' (see ratings list). The outlook is stable. In addition, we raised the senior secured debt ratings on Crown to 'BB+' from 'BB'. The recovery ratings on the senior secured debt remain unchanged at '2', indicating our expectation of substantial (70% to 90%) recovery in a payment default. We also raised the senior unsecured debt ratings, to 'BB-' on issues that are guaranteed and to 'B+' on issues that are not guaranteed, from 'B'. At the same time, we assigned recovery ratings to the senior unsecured debt. The issues that are guaranteed have

  
Report Type:

Research Update

Ticker
CCK
Issuer
Crown Holdings Inc.
GICS
Metal & Glass Containers (15103010)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Crown Holdings Inc. Rating Raised To 'BB' From 'BB-'; Outlook Stable" Apr 15, 2009. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Crown-Holdings-Inc-Rating-Raised-To-BB-From-BB-Outlook-Stable-715834>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Crown Holdings Inc. Rating Raised To 'BB' From 'BB-'; Outlook Stable Apr 15, 2009. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Crown-Holdings-Inc-Rating-Raised-To-BB-From-BB-Outlook-Stable-715834>
  
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