The ratings on Consolidated Container Co. LLC and its wholly owned subsidiary, Consolidated Container Capital Inc., reflect the company's very aggressive financial leverage and limited financial flexibility, which overshadow its fair business position in the relatively stable beverage and consumer product packaging markets. Atlanta, Ga.-based Consolidated, with annual revenues of about $740 million, is a domestic producer of rigid plastic containers for dairy products, water, juice and other beverages, food, household and agricultural chemicals, and motor oil. About 59% of the company's revenues are derived from dairy, water, and juice packaging, which is relatively commodity-type and has mature demand patterns. End markets are mostly stable, but product diversity is limited and customer concentration is high; the two largest customers, Procter
