Moody's places Silgan Holdings Inc.'s ratings under review for downgrade
Rating Action: Moody's places Silgan Holdings Inc.' s ratings under review for downgrade. Global Credit Research- 30 Jan 2020. Approximately $2.6 billion of debt affected.Silgan Holdings is a holding company. Through its subsidiaries, the company manufactures rigid packaging for consumer goods products. The company operates three businesses; its metal container business, which used primarily by processors and packagers for food products, such as vegetables, soup, proteins, tomato based products, adult nutritional drinks and fruit ; its closures business, which manufactures metal and plastic closures and dispensing systems for food and beverage and health care products; and its plastic container business, which manufactures custom designed and stock plastic containers for personal care and health care products, including containers for mouthwash, shampoos, and conditioners.
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