DBRS confirms Weyerhaeuser

DBRS said it confirmed Weyerhaeuser Co.'s BBB issuer rating with a stable trend after the company performed as expected with operating performance on a steady recovery path, albeit at a slow pace in line with industry conditions.

The company's financial profile has strengthened modestly in 2011 but is still aggressive for the current rating, the agency said. DBRS expects the company's financial profile to substantially strengthen once the forest-product industry breaks out of the current prolonged depressed condition.

The current ratings continue to be supported by Weyerhaeuser's above-average business profile and by the strong liquidity provided by its sizeable timberland holding, DBRS said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.