S&P cuts Louisiana-Pacific view to negative

Standard & Poor's said it revised the outlook on Louisiana-Pacific Corp. to negative from stable.

S&P also said it affirmed its BB corporate credit rating.

The outlook revision reflects the risk that the company's credit measures could be weaker than expected for the next one to two years because of a slower recovery in new residential construction, prospects for stalled remodeling spending if consumer confidence wanes and still-tight consumer credit, S&P said.

The ratings previously included the potential for an improvement in housing starts, but those expectations were less than the level of starts that economists are now expecting for the full year, the agency said.

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