S&P: SP Newsprint on developing watch

Standard & Poor's said it placed all of its ratings on SP Newsprint Co., including its BB- corporate credit rating, on CreditWatch with developing implications.

The CreditWatch placement follows the announcement that SP Newsprint is exploring strategic alternatives, including a possible sale of the company, the agency said.

The agency added that it will monitor developments regarding a potential transaction and resolve our CreditWatch listing when sufficient information is available.

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