Tear Sheet: Crown Holdings Inc. - S&P Global Ratings’ Credit Research

Tear Sheet: Crown Holdings Inc.

Tear Sheet: Crown Holdings Inc. - S&P Global Ratings’ Credit Research
Tear Sheet: Crown Holdings Inc.
Published May 29, 2024
7 pages (2659 words) — Published May 29, 2024
Price US$ 500.00  |  Buy this Report Now

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Abstract:

We believe Crown?s revenue will continue to decline in 2024, although less than the previous year, due to lower volumes in its Asia-Pacific segment, Mexican glass business, and certain of its Other businesses, combined with the pass-through of lower material costs. This will be partially offset by volume growth in North America and Brazil. Beverage can shipments in Southeast Asia began to decline in the first quarter of 2023 as persistently high inflation pressured consumer purchasing power. In the fourth quarter, Crown announced the closure of two older facilities, in Singapore and Vietnam, to better align supply and demand. Volumes continued to decline in the first quarter of 2024, down 8%, and we expect full-year shipments to be lower than

  
Brief Excerpt:

...Foreign currency issuer credit rating ##+/Stable/## Local currency issuer credit rating ##+/Stable/## Business risk Strong Country risk Low Industry risk Intermediate Competitive position Strong Financial risk Aggressive Cash flow/leverage Aggressive Anchor ##+ Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Neutral (no impact) Liquidity Strong (no impact) Management and governance Neutral (no impact) Comparable rating analysis Neutral (no impact) Stand-alone credit profile ##+...

  
Report Type:

Full Report

Ticker
Issuer
GICS
Metal & Glass Containers (15103010)
Sector
Global Issuers
Country
Region
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: Crown Holdings Inc." May 29, 2024. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Crown-Holdings-Inc-3187373>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Crown Holdings Inc. May 29, 2024. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Crown-Holdings-Inc-3187373>
  
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