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Boise Cascade LLC Outlook Revised To Negative From Stable On Weaker-Than-Expected Credit Measures; Ratings Affirmed
Standard & Poors, May 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
U.S. forest products company Boise Cascade's (BC) credit measures are likely to remain much weaker than we previously expected over the next 12 months as a housing recovery has not yet begun. In our view, there is a risk that liquidity could be lower than we have incorporated into the ratings if housing activity does not pick up in line with the company's expectations following some inventory pre-buying. We are affirming our ratings on BC, including the 'B+' corporate credit rating. We are revising the rating outlook to negative from stable to reflect the potential for weaker-than-expected liquidity and credit measures. NEW YORK (Standard & Poor's) May 6, 2011--Standard & Poor's Ratings Services said today it revised its rating outlook...
Companies mentioned in this report are: Boise Cascade LLC
Action: Affirmed
Action: Outlook: Negative
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