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Published on 12/20/2012 in the Prospect News Canadian Bonds Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

Moody's: Mercer stable

Moody's Investors Service said it affirmed all long-term ratings on Mercer International, Inc., including the B2 corporate family rating.

The agency also revised the outlook to stable from positive.

Moody's said the revision of the outlook reflects its view that expected cash flow generation will not be sufficient to warrant a rating upgrade in the near-term.

The agency said it also affirmed the company's SGL-2 short term liquidity rating.

The rating affirmation reflects Moody's view that Mercer is positioned solidly in the B2 rating category.


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