Moody's ups SP Newsprint view to positive

Moody's Investors Service said it affirmed the ratings of SP Newsprint Co. and changed the outlook to positive from stable.

The change in outlook is based on SP's improved operating performance and declining debt and Moody's expectation that performance will continue to improve over the near to intermediate term.

Specifically, Moody's affirmed the B1 senior implied rating and B3 senior unsecured issuer rating of SP. Moody's also affirmed the B1 rating on the company's $145 million senior secured six-year tranche B-2 term loan, $80 million six-year senior secured tranche B-1 term loan and $55 million four-year senior secured revolving credit facility.

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