10.23%SPY 127.82 0.19%FRE 3.16 
2.77%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - Standard & Poor's Ratings Services on Wednesday revised its outlook for Montreal-based Domtar Corp. to "positive" from "stable," citing the company's continued debt reduction efforts and successful integration of Weyerhaeuser Co.'s fine paper assets.
Domtar purchased Weyerhaeuser's fine paper assets last March.
S&P also affirmed its ratings for Domtar, which makes business, commercial and specialty paper, including its non-investment grade "BB-" long-term corporate credit rating.
"The ratings reflect Domtar's leading market position in the North American uncoated free sheet market and good cost profile," S&P's Jatinder Mall said in a statement.
At the same time, the ratings are hurt by declining demand for uncoated free sheet, volatile prices of commodity paper, pulp, and lumber products, along with the company's weak lumber business, Mall said.
Domtar shares rose 5 cents to $6.39 in morning trading.
On the same day that Matt Damon's wife gave birth, his best friends wife, J...
Christina Applegate has had both of her breasts removed after being diagnosed wi...
Shares of some top computers companies were down at the close of trading: Apple Inc fell $1.86 or 1.1 percent, to $173.53.
Professional Website Design For Corporate - Get a Free Quote Today
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
-0.05
0.98
