• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Silgan Holdings Inc. Dec 10
Standard & Poors, December 2010
The ratings on Silgan Holdings Inc. reflect its satisfactory business position as a major North American producer of rigid consumer goods packaging, its steady earnings and free cash flow generation, and its demonstrated ability to maintain (or quickly return to) a capital structure consistent with the rating despite periodic acquisitions. Somewhat aggressive financial policies and other risks associated with the company's strategy of growth via acquisitions offset these strengths. Standard & Poor's Ratings Services characterizes Silgan's business risk profile as satisfactory and its financial risk profile as significant. Silgan has annual revenues of $3.1 billion. Its business mix is about 61% metal food cans, 20% metal and plastic closures, and 19% plastic containers. Silgan is the largest producer of metal...
Companies mentioned in this report are: Silgan Holdings Inc.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Silgan Holdings Inc.