Fitch drops Weyerhaeuser

Fitch Ratings said it has lowered Weyerhaeuser Co.'s ratings as follows: Weyerhaeuser's long-term senior unsecured debt to BBB- from BBB, issuer default rating to BBB- from BBB and commercial paper to F3 from F2 as well as Weyerhaeuser Real Estate Co.'s long-term senior unsecured debt to BBB- from BBB, issuer default rating to BBB- from BBB and commercial paper to F3 from F2.

The outlook remains negative.

Fitch added that the current economic situation is proving more challenging to Weyerhaeuser's businesses than anticipated, which will now likely extend through 2009 and into some portion of 2010.

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