S&P: Stable view for International Paper

Standard & Poor's said it revised its outlook on International Paper Co. to stable from negative, and affirmed its BBB corporate credit rating.

The outlook revision reflects both the progress the company has made in strengthening its financial risk profile and the additional improvement the S&P said it expects over the next year.

The ratings reflect a satisfactory business risk profile supported by its position as the leading global uncoated freesheet manufacturer, leading positions in industrial and consumer packaging, an improving cost position achieved through meaningful acquisition synergies and overhead cost reductions and a sizable presence in growing paper and packaging markets outside North America, the agency said.

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