Industry Report Card: Global Packaging Credit Slide To Continue Dec 06

  • ID: 1793871
  • December 2006
  • Region: Global
  • Standard & Poors
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  • AEP Industries Inc.
  • Bemis Co. Inc.
  • Fort Dearborn Co.
  • Mauser Beteiligungs GmbH
  • Portola Packaging Inc.
  • Solo Cup Co.
  • MORE

After a challenging 2006 for the global packaging sector, Standard & Poor's Ratings Services expects more of the same in 2007. The outlook for credit quality remains negative, owing to the continued impact of inflationary cost pressures arising from high and volatile raw-material prices in the U.S. and Europe, as well as elevated energy costs. As of December 2006, the proportion of negative outlooks in the sector remains high at 41%, reflecting our expectation for significant pressure on ratings in 2007. Various factors, including the movement in natural gas and oil prices, resin price trends, and the pace of consumer spending will determine the degree of pressure on several issuers. There were numerous negative rating actions in the three months...

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Avery Dennison Corp.
- Bemis Co. Inc.
- Owens-Illinois Inc.
- Crown Holdings Inc.
- Viskase Cos. Inc.
- Atlantis Plastics Inc.
- Sonoco Products Co.
- Silgan Holdings Inc.
- Sealed Air Corp.
- Amcor Ltd.
- Rexam PLC
- Portola Packaging Inc.
- Tekni-Plex Inc.
- BWAY Corp.
- Impress Holdings B.V.
- Pliant Corp.
- AEP Industries Inc.
- Graham Packaging Holdings Co.
- Ball Corp.
- Consolidated Container Co. LLC
- Pactiv Corp.
- IFCO Systems N.V.
- Solo Cup Co.
- Plastipak Holdings Inc.
- Kleopatra Lux 1 S.a.r.l
- Constar International Inc.
- Ardagh Packaging Holdings Ltd.
- Clondalkin Industries B.V.
- Intertape Polymer Group Inc.
- Mauser Beteiligungs GmbH
- Ardagh Packaging Group Ltd.
- Gerresheimer AG
- Pregis Corp.
- Yioula Glassworks S.A.
- Exopack Holding Corp.
- Covalence Specialty Materials Corp.
- Multi Packaging Solutions Inc.
- Fort Dearborn Co.
- Treofan Holdings GmbH
- Berry Plastics Corp.

Note: Product cover images may vary from those shown
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