S&P Global Ratings revised its outlook on PotlatchDeltic Corp. to negative from stable.
The outlook revision takes into account the increased risk of sustained leverage at or above 4x if lumber prices remain weak over the next 12 months, absent any actions the company may take to reduce debt, such as large timberland sales.
At the same time, the rating agency affirmed all its ratings on PotlatchDeltic, including the BBB- long-term issuer credit and issue ratings.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.
