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View Full Version : Rexam Drops as Debt Tops Estimates, S&P Cuts Rating - Bloomberg



NewsWhore
02-19-2009, 02:20 PM
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Rexam Drops as Debt Tops Estimates, S&P Cuts Rating (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3DanNDqWNA1cO0%26refer%3Deurope&cid=1306001980&ei=VrGdSbaqM4jyggOF5rAu&usg=AFQjCNEgb4OHIcF132_E8lU3XnpbPw1TKg)
Bloomberg
Rexam’s borrowings, which are about 80 percent dollar- denominated, swelled after the US currency rose against the pound. Interest payments increased 38 percent and equaled more than a third of annual operating profit. The packaging maker has little ...


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