S&P upgrades Mercer

Standard & Poor's said it raised its ratings on Mercer International Inc., including the corporate credit rating to B from B-.

The outlook is stable.

The agency said the upgrade reflects its recognition that pulp markets have strengthened more than previously expected because of temporary supply shortages and will remain attractive in the near term. As a result, S&P expects the improvement in the company's financial risk profile to be better than initially anticipated.

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