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Silgan Holdings Inc. Outlook Revised To Stable From Positive, Ratings Affirmed; Secured Credit Facilities Rated 'BBB' Jun 10 Product Image

Silgan Holdings Inc. Outlook Revised To Stable From Positive, Ratings Affirmed; Secured Credit Facilities Rated 'BBB' Jun 10

  • Published: June 2010
  • Standard & Poors

Abstract
U.S.-based packaging company Silgan Holdings Inc. is issuing senior secured credit facilities to repay existing facilities and other uses. We are assigning our 'BBB' and '1' recovery ratings to Silgan's proposed facilities. We are affirming our 'BB+' corporate credit rating on Silgan and revising the outlook to stable from positive. The stable outlook reflects our expectation that potential acquisitions and share repurchases could result in credit measures trending down from currently above par levels. As a result, an upgrade is not likely during the timeframe that we had previously envisioned. NEW YORK (Standard & Poor's) June 10, 2010--Standard & Poor's Ratings Services said today that it revised its outlook on Silgan Holdings Inc. to stable from positive and affirmed its...

Companies mentioned in this report are: Silgan Holdings Inc.
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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 READ MORE >

Silgan Holdings Inc.

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