S&P revises Sylvamo view to positive

S&P said it revised the outlook on Sylvamo Corp. to positive from stable and affirmed all ratings on Sylvamo, including the BB issuer credit rating and BB+ and BB issue-level ratings.

“The positive outlook reflects the potential for an upgrade over the next 12 months if S&P Global Ratings-adjusted debt leverage remains below 2x and FOCF to adjusted debt sustains above 25%,” S&P said in a news release.

© 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.