Fitch Affirms and Withdraws Ratings on Crown Holdings

  Fitch Affirms and Withdraws Ratings on Crown Holdings

Business Wire

CHICAGO -- May 6, 2013

Fitch Ratings has affirmed and simultaneously withdrawn all of its ratings on
Crown Holdings, Inc. (Crown), and its subsidiaries Crown Cork & Seal Company,
Inc. (CCS), Crown Americas, LLC. (CA), and Crown European Holdings, SA (CEH).

Fitch simultaneously affirms and withdraws the following ratings:

Crown:

--Issuer Default Rating (IDR) at 'BB+';

CCS:

--IDR at 'BB+';

--Senior unsecured notes at 'BB'.

CA:

--IDR at 'BB+';

--Senior secured term facility at 'BBB-';

--Senior secured revolving facility at 'BBB-';

--Senior unsecured notes at 'BB+'.

CEH:

--IDR at 'BB+';

--Senior secured euro term facility at 'BBB-';

--Senior secured euro revolving facility at 'BBB-';

--Senior unsecured notes at 'BB+'.

The Rating Outlook is Stable.

Fitch has decided to discontinue the rating, which is uncompensated.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' (Aug. 8, 2012).

Applicable Criteria and Related Research

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=790492

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF
CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL,
COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM
THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER
PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS
OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN
EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER
ON THE FITCH WEBSITE.

Contact:

Fitch Ratings
For analytical questions contact:
Primary Analyst
Bill Densmore, +1 312-368-3125
Senior Director
Fitch Ratings, Inc.
70 W. Madison St.
Chicago, IL 60602
or
Secondary Analyst
David Peterson, +1 312-368-3177
Senior Director
or
Committee Chairperson
Michael Weaver, +1 312-368-3156
Senior Director
or
For other questions contact:
Michael Mancini, +1 212-908-0784
Senior Director
or
Media Relations:
Brian Bertsch, +1 212-908-0549
brian.bertsch@fitchratings.com
 
Press spacebar to pause and continue. Press esc to stop.