UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported):
                                September 1, 2005

                               PLIANT CORPORATION
               ---------------------------------------------------
               (Exact name of company as specified in its charter)


     Utah                      333-40067                       87-0496065
---------------          ------------------------         ----------------------
(State or other          (Commission file number)             (IRS Employer
 jurisdiction               of incorporation)             Identification Number)

                         1475 Woodfield Road, Suite 700
                              Schaumburg, IL 60173
               (Address of principal executive offices) (Zip Code)

                                 (847) 969-3300
                (Company's telephone number, including area code)

                                      N.A.
          (Former name or former address if changed since last report)



ITEM 8.01. OTHER EVENTS

On September 1, 2005, Moody's Investors Service announced that it had downgraded
ratings on Pliant Corporation as follows:

     o    $7 million 11 1/8%  Senior  Secured  1st Lien Notes due June 15,  2009
          (PIK until 2007), lowered to Caa1 from B3
     o    $255  million 11 5/8% Senior  Secured 1st Lien Notes due June 15, 2009
          (PIK until 2009), assigned Caa1
     o    $250  million  Senior  Secured 2nd Lien Notes due  September  1, 2009,
          lowered to Caa3 from B3
     o    $314 million 13% Senior  Subordinated  Notes due June 1, 2010, lowered
          to Ca from Caa2
     o    Corporate Family Rating, lowered to Caa1 from B2

The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated herein by reference.

ITEM 9.01. FINANCIAL STATEMENT AND EXHIBITS

(c) The following items are included as Exhibits to this report:

99.1 Moody's Investors Service Press Release dated September 1, 2005.

SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  had duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                      PLIANT CORPORATION



Date: September 2, 2005               By: /s/ Harold C. Bevis
                                          -------------------------------------
                                          Harold C. Bevis
                                          President and Chief Executive Officer