Graphic Packaging's older secured duration allowance C rated 'BB-' - S&P BANGALORE (Thomson Financial) - Standard & Poor's Ratings Services said it assigned its 'BB-' secured bank accommodation rating and '2' rise rating to Graphic Packaging International Inc's 1.2 bln usd while advance C, indicating that lenders can await significant restoration in the happening of a pay default. Proceeds from the appellation loan were employed to refinance the secured bank liability of Altivity Packaging LLC in coherence with the recently completed fusing of the two companies. S&P also affirmed its 'BB-' secured bank loan and '2' improvement ratings on Graphic Packaging's revolving attribution facility, which was increased to 400 mln usd, and its 1.055 bln usd call loan B. TFN.newsdesk@thomson.com ash/ypv COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved.
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