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S&P revises Sylvamo view to positive
S&P said it revised the outlook on Sylvamo Corp. to positive from stable and affirmed all ratings on Sylvamo, including the BB issuer credit rating and BB+ and BB issue-level ratings.
“The positive outlook reflects the potential for an upgrade over the next 12 months if S&P Global Ratings-adjusted debt leverage remains below 2x and FOCF to adjusted debt sustains above 25%,” S&P said in a news release.
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