S&P revises Strategic Materials view to negative

S&P said it affirmed its B issuer credit rating on Strategic Materials Holding Corp. The outlook is now negative.

S&P also affirmed its issue-level ratings of SMI's debt, and the corresponding recovery ratings are unchanged.

“SMI's revenue and margins have been weaker than we expected as demand for glass bottles in North America continues to fall amid a broader decline in demand from the mass-produced beer market,” S&P said in a news release.

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