Moody’s revises Weyerhaeuser to positive

Moody's Investors Service said it changed Weyerhaeuser Co.’s rating outlook to positive from stable and affirmed the company's Baa3 senior unsecured rating.

"The change in outlook to positive reflects the company's solid earnings momentum and our view that leverage will drop below 3x and remain there as the company's financial performance strengthens with stronger demand as U.S. housing starts continue to improve towards normalized levels and off-shore timber demand remains strong," Moody's vice president Ed Sustar said in a news release.

© 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.