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Prospect News home > News index > List of issuers O > Headlines for Owens-Illinois Inc. > News item
Published on 3/19/2013 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P: Owens-Illinois notes BB+

Standard & Poor's said it assigned its BB+ issue rating and 3 recovery rating to OI European Group BV's proposed €300 million notes due 2021.

Proceeds will be used to redeem the company's outstanding €300 million 6 7/8% senior notes due 2017.

S&P also affirmed its existing ratings on Owens-Illinois Inc., including the BB+ corporate credit rating.

"Our ratings on Owens-Illinois reflect the company's satisfactory business risk profile and significant" financial risk profile," S&P credit analyst Liley Mehta said in a news release.


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