S&P rates Domtar notes BB+

Standard & Poor's said it assigned its BB+ debt rating to Domtar Inc.'s new $400 million senior unsecured notes due in 2015.

The outlook is stable and S&P said the ratings reflect the company's exposure to cyclical paper prices, aggressive debt leverage and a declining cost position due to a stronger Canadian dollar.

These risks are partially offset by good fiber and energy integration and some revenue diversity, the agency said.

© 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.