U.S. Packaging Sector Credit Quality Remains Stable, Says Report Jan 12

  • ID: 2044754
  • January 2012
  • Region: United States
  • Standard & Poors
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NEW YORK (Standard & Poor's) Jan. 24, 2012--Standard & Poor's Ratings Services said today in a report that despite the slow and uneven economic recovery, the U.S. packaging sector continues to experience ratings stability. The industry economic and ratings outlook is titled "U.S. Packaging Sector Ratings Remain Stable." "This ratings stability is due in part to fairly steady demand for food and beverage packaging and the ability of companies to pass on cost increases to customers in a timely manner," said Standard & Poor's credit analyst Henry Fukuchi. Nevertheless, approximately 89% of U.S. packaging industry ratings are speculative grade (rated 'BB+' or lower), meaning that these companies are more vulnerable (than higher rated ones) to modest changes in business conditions....

Action: General Comment

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
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