Research Update: RLC Industries Co. Ratings Affirmed And Withdrawn
- ID: 1714340
- April 2011
- Standard & Poors
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Product Type: Research Update
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U.S. wood products manufacturer RLC Industries Co. has completed the refinancing of its significant October 2011 maturities. We are affirming our 'B-' corporate credit rating on RLC Industries. We are removing the rating from CreditWatch. We are subsequently withdrawing our corporate credit rating on RLC Industries at the company's request. On April 26, 2011, Standard & Poor's Ratings Services affirmed its 'B-' corporate credit rating on Roseburg, Ore.-based RLC Industries Co. At the same time, we removed the rating from CreditWatch, where it had been placed with negative implications on Dec. 9, 2010. We subsequently withdrew the corporate credit rating at RLC Industries' request. At the time of the withdrawal, the rating outlook was stable. The rating affirmation and withdrawal...
Companies mentioned in this report are: RLC Industries Co.
Action: Outlook: Stable
Action: Removed From CreditWatch
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