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Norske Skogindustrier Outlook Revised To Stable From Negative On Completed Refinancing; 'B-' Rating Affirmed Jun 11
Standard & Poors, June 2011
Norway-based forest product group Norske Skogindustrier ASA has disposed of assets and completed a refinancing exercise, which, in our view, reduces covenant and refinancing risk. We now view the group's liquidity profile as adequate, because current liquidity resources cover near-term debt maturities and covenant risk has been materially reduced. We are revising the outlook to stable from negative, primarily to reflect our assumption that the group can maintain an adequate liquidity position over the near term. STOCKHOLM (Standard & Poor's) June 16, 2011--Standard & Poor's Ratings Services said today that it had revised its outlook on Norway-based forest product group Norske Skogindustrier ASA (Norske Skog) to stable from negative. At the same time, we affirmed the 'B-' long-term corporate credit...
Companies mentioned in this report are: Norske Skogindustrier ASA
Action: Outlook: Stable
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Norske Skogindustrier ASA