Graphic Packaging Intl outlook raised to stable on improving results - S&P |
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Published
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Tue, 13 Nov 2007 06:23
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MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it revised its outlook on Graphic Packaging International Inc to stable from negative, as the agency expects the company's results to continue improving because of greater price realisation and cost-saving measures.The agency also affirmed all of Graphic Packaging's ratings, including its 'B+' corporate credit rating.S&P said it believes that Graphic's pending merger with Altivity Packaging LLC should be modestly positive for its business risk profile because of both industry rationalization and potential synergies.Graphic Packaging, a wholly owned unit of Graphic Packaging Corp, manufactures paperboard and folding cartons.TFN.newsdesk@thomson.comyos/jroCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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