S&P Global Ratings affirmed all its ratings on Weyerhaeuser Co. including the BBB long-term issuer credit and issue ratings.
The outlook was revised to negative from stable. The negative outlook takes into account Weyerhaeuser's elevated leverage and the increased risk of sustaining leverage in the mid-4x level if lumber and oriented strand board prices remain weak over the next 12 months, absent any large asset sales or other actions Weyerhaeuser may take to lower debt leverage.
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