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Sealed Air Corp.'s Outlook Revised To Positive On Improved Credit; Corporate Credit Rating Affirmed At 'BB+' Nov 10
Standard & Poors, November 2010
Operating performance and credit measures at Elmwood Park, N.J.-based food and protective packaging firm Sealed Air Corp. have improved in recent quarters. We are revising our outlook to positive from stable and affirming the 'BB+' corporate credit rating. The positive outlook reflects our expectation that management policies will support the company's improved credit quality, particularly after the payment related to the pending asbestos-related settlement agreement. NEW YORK (Standard & Poor's) Nov. 18, 2010--Standard & Poor's Ratings Services today revised its outlook on Sealed Air Corp. to positive from stable. At the same time, we affirmed our 'BB+' corporate credit rating on the company. "The outlook revision reflects our expectation that the company is likely to maintain its financial policy and...
Companies mentioned in this report are: Sealed Air Corp.
Action: Outlook: Positive
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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Sealed Air Corp.