S&P cut Verso outlook

Standard & Poor's said it revised its outlook on Verso Paper Holdings LLC to negative from stable and affirmed its ratings on the company, including its B corporate credit rating.

"The outlook revision follows Verso Paper's weaker-than-expected second-quarter earnings results resulting from sluggish economic growth and advertising spending," said S&P credit analyst Tobias Crabtree in a news release.

While S&P said it expects seasonal factors to lead to a sequential improvement in Verso Paper's earnings over the second half of 2012, credit measures are now likely to remain weak for the B rating through the remainder of 2012.

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