- Published: January 1998
Pregis Corp. 'B-' Ratings Affirmed And Removed From Watch After Reorganization Announcement; Outlook Is Developing Dec 11
- Published: December 2011
- Standard & Poors
U.S.-based packaging company Pregis Corp. has announced its intention to reorganize its businesses and divest a substantial portion of its business lines. We have affirmed our ratings on Pregis, including the 'B-' corporate credit rating, and removed them from CreditWatch, where we had placed them with developing implications on Oct. 4, 2011. The outlook is developing. The developing outlook reflects that we could raise, affirm, or lower the ratings in the coming year pending further information on the company's divestment and reorganization plan and our reassessment of its business and financial risk profiles. NEW YORK (Standard & Poor's) Dec. 16, 2011--Standard & Poor's Ratings Services said today it affirmed its ratings, including the 'B-' corporate credit rating, on Deerfield, Ill.-based...
Companies mentioned in this report are: Pregis Corp.,Pactiv Corp.
Action: Outlook: Developing
Action: Removed From CreditWatch
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
SHOW LESS READ MORE >
Pregis Corp.,Pactiv Corp.