Moody's puts USG on review

Moody's Investors Service said it placed the Baa3 ratings of USG Corp. under review for downgrade.

Moody's said the review was prompted by weaker-than-anticipated fourth quarter and fiscal 2007 operating results and the expectations for a challenging 2008.

The agency said that although it believes that USG's key strength is its low manufacturing costs relative to its peers, the very poor outlook for new residential construction is expected to put considerable pressure on the company's financial performance over the intermediate term.

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