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S&P might lift W/S Packaging
S&P said it placed its CCC corporate credit rating on W/S Packaging Holdings Inc. on CreditWatch with positive implications.
The agency said the CreditWatch placement follows W/S Packaging's expectation of a new capital structure.
“While details of the new capital structure are unknown, we believe it should improve liquidity and covenant issues, resulting in a higher rating,” S&P said in a news release.
The agency said it expects to resolve the CreditWatch placement after it reviews the transaction, financial policies, financial risk profile and liquidity.
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