Amcor, I told U so, page-2

I didn't read the announcement as I don't follow AMC, nevertheless, this was just published.

S&P revises Amcor's rating outlook to negative
11:13, Wednesday, 8 May 2002

Sydney - Wednesday - May 8: (RWE/AAP) - Standard & Poor's today
revised the rating outlook for Amcor Ltd to negative from stable.
The ratings agency affirmed its BBB-plus/A2 corporate credit
ratings, guaranteed issue ratings and bank loan ratings for Amcor.
The announcement follows the company's $2.9 billion acquisition
of the polyethylene terephthalate and closures operations of
German-based Schmalbach-Lubeca. S&P said Amcor was expected to fund the acquisition through a combination of $1.02 billion underwritten equity, $700 million from the
sale of Kimberly Clark Australia, a $200 million underwritten
convertible note issue, and debt.
Also, Standard & Poors has assigned a BBB-minus long-term rating
to Amcor Investments (New Zealand) Ltd's $A200 million subordinated
convertible notes.
The notes are guaranteed by Amcor.