Six Issue Ratings Lowered, Five Recovery Ratings Revised In The U.S. Containers/Packaging Sector, On Criteria Revision - S&P Global Ratings’ Credit Research

Six Issue Ratings Lowered, Five Recovery Ratings Revised In The U.S. Containers/Packaging Sector, On Criteria Revision

Six Issue Ratings Lowered, Five Recovery Ratings Revised In The U.S. Containers/Packaging Sector, On Criteria Revision - S&P Global Ratings’ Credit Research
Six Issue Ratings Lowered, Five Recovery Ratings Revised In The U.S. Containers/Packaging Sector, On Criteria Revision
Published Dec 20, 2016
5 pages (1711 words) — Published Dec 20, 2016
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) Dec. 20, 2016--S&P Global Ratings said today that it has reviewed its recovery and issue-level ratings in the U.S. containers and packaging sector for speculative-grade corporate issuers that were labeled as "under criteria observation" (UCO) after publishing its revised recovery ratings criteria on Dec. 7, 2016. With our criteria review complete for the majority of companies in the sector, we are removing the UCO designation from these ratings and are revising issue-level and recovery ratings as appropriate. This release pertains to rated companies in the U.S. containers and packaging sector. The ratings list below is arranged alphabetically by issuer and identifies the debt types with rating changes. In addition to the changes and affirmations mentioned

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) Dec. 20, 2016--S&P Global Ratings said today that it has reviewed its recovery and issue-level ratings in the U.S. containers and packaging sector for speculative-grade corporate issuers that were labeled as "under criteria observation" (UCO) after publishing its revised recovery ratings criteria on Dec. 7, 2016. With our criteria review complete for the majority of companies in the sector, we are removing the UCO designation from these ratings and are revising issue-level and recovery ratings as appropriate. This release pertains to rated companies in the U.S. containers and packaging sector. The ratings list below is arranged alphabetically by issuer and identifies the debt types with rating changes. In addition to the changes and affirmations mentioned below, we will review our recovery and issue-level ratings on Crown Holdings Inc. and Silgan Holdings Inc. separately. As an overview, we are lowering the issue-level ratings on six rated debt issues in the...

  
Report Type:

Ratings Action

Ticker
15361Z
Issuer
Altium Packaging LLC
GICS
Metal & Glass Containers (15103010)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Six Issue Ratings Lowered, Five Recovery Ratings Revised In The U.S. Containers/Packaging Sector, On Criteria Revision" Dec 20, 2016. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Six-Issue-Ratings-Lowered-Five-Recovery-Ratings-Revised-In-The-U-S-Containers-Packaging-Sector-On-Criteria-Revision-1777075>
  
APA:
S&P Global Ratings’ Credit Research. (). Six Issue Ratings Lowered, Five Recovery Ratings Revised In The U.S. Containers/Packaging Sector, On Criteria Revision Dec 20, 2016. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Six-Issue-Ratings-Lowered-Five-Recovery-Ratings-Revised-In-The-U-S-Containers-Packaging-Sector-On-Criteria-Revision-1777075>
  
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