S&P puts Weyerhaeuser, Plum Creek Timber on watch

Standard & Poor’s said it placed its BBB corporate credit ratings on Weyerhaeuser Co. and Plum Creek Timber Co. Inc. on CreditWatch with negative implications, “indicating that we could affirm or lower the ratings once we complete our review.”

“The CreditWatch placement reflects the potential that the planned merger of Weyerhaeuser and Plum Creek Timber could lead to an increase in debt leverage resulting in a financial risk profile that is weaker than what we would expect at the current rating,” said S&P credit analyst Thomas Nadramia in a news release.

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