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Published on 5/28/2004 in the Prospect News Convertibles Daily.

Moody's: Temple-Inland stable

Moody's Investors Service said it changed the outlook for the debt ratings of Temple-Inland Inc. to stable from negative.

The change in outlook reflects Moody's expectation of improved profitability over the near term as a result of improving commodity prices, together with the benefits from the Gaylord Container acquisition, modest improvements in the risk profile of the financial services subsidiary and the implementation of very good liquidity arrangements.

At the same time, Moody's affirmed Temple-Inland's Baa3 and Prime-3 ratings.


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