S&P rates Resolute Forest Products notes B

S&P said it revised its outlook on Resolute Forest Products Inc. to stable from negative and affirmed its B+ issuer credit rating on the company.

At the same time, S&P assigned its B issue-level rating and 5 recovery rating to the company's proposed $300 million senior notes.

“The outlook revision reflects improved prospects for Resolute's credit measures and liquidity over the next two years,” S&P said in a news release.

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