DBRS: Weyerhaeuser unchanged

DBRS noted that Weyerhaeuser Co. announced that it intends to convert into a real estate investment trust, largely as a means of increasing the competitiveness of its timberlands business.

Given the uncertainty regarding the closing and ultimate impact of the transaction on the company's financial profile, a rating action is currently not warranted, the agency said.

DBRS said it will continue to monitor the progress of the planned conversion and determine the appropriate rating action.

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