S&P lifts Raynier Advanced view to positive

S&P said it revised the outlook on Rayonier Advanced Materials Inc. to positive from stable.

The agency also said it affirmed the company’s BB- corporate credit rating and BB- rating on the company's senior unsecured debt. The recovery rating on the debt is 3, indicating 50% to 70% expected default recovery.

The positive outlook reflects the potential for an upgrade to BB if Rayonier Advanced Materials is able to improve credit measures in line with a significant financial risk profile going into 2017, S&P said.

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