S&P lifts Weyerhaeuser

Standard & Poor’s said it said raised the corporate credit and unsecured issue-level ratings on Weyerhaeuser Co. to BBB from BBB-, along with its short-term rating to A-2 from A-3.

The outlook is stable.

Given the continued slow recovery in the U.S. housing- and construction-markets and a strengthening economy, Weyerhaeuser will maintain debt leverage measures below 3x, the agency said.

The demand for timber, lumber and cellulose products will increase demand and pricing for the company’s products, S&P said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.