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Fitch assigns Weyerhaeuser notes BB+
Fitch Ratings said it has assigned a BB+ rating to Weyerhaeuser Co.'s $500 million of 7.375% senior unsecured notes due 2019.
The outlook is negative.
The rating is based on Weyerhaeuser's poor credit metrics and negative free cash flow stemming from the recessionary collapse of residential construction, which has worked its way back into Weyerhaeuser's integrated business lines of home building, lumber and wood panel manufacturing and the growing and harvesting of trees, the agency said.
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