S&P changes Weyerhaeuser view to negative

S&P said it revised its outlook for Weyerhaeuser Co. to negative from stable on reduced gross and EBITDA margins.

“The outlook revision incorporates our assessment of Weyerhaeuser Co.’s elevated leverage and the increased risk of sustaining leverage in the mid-4x area if prices remain weak over the next 12 months, absent any large asset (timberland) sales or other actions Weyerhaeuser may take to reduce debt leverage,” said S&P in a news release.

S&P said it affirmed all its ratings for the company, including the BBB long-term issuer and issue ratings.

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