Moody's could lift Weyerhaeuser

Moody's Investors Service said it placed Weyerhaeuser Co.'s Ba1 unsecured note rating on review for a possible upgrade.

The review was precipitated by the upturn in the U.S. housing market and Moody's expectations of improved financial performance over the next several years, the agency said.

Moody's review will assess the likelihood of continued improvement in Weyerhaeuser's operating and financial performance as increased U.S. housing starts fuel improvement in demand across most of the company's business segments.

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