• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: AbitibiBowater Inc. Upgraded To 'BB-' From 'B+' On Improving Profitability And Debt Reduction; Outlook Stable Sep 11 Product Image

Research Update: AbitibiBowater Inc. Upgraded To 'BB-' From 'B+' On Improving Profitability And Debt Reduction; Outlook Stable Sep 11

  • Published: September 2011
  • Standard & Poors

Abstract
We are raising our long-term corporate credit rating on AbitibiBowater Inc. (ABI) to 'BB-' from 'B+'. At the same time, Standard & Poor's is raising its issue-level rating on ABI's secured debt to 'BB-' from 'B+'. The recovery rating is unchanged at '3'. The upgrade reflects our opinion of the company's improving profitability and recent reduction in debt. The stable outlook reflects Standard & Poor's expectations that the company will continue to generate positive cash flows and use excess cash flows to pay down secured notes. On Sept. 30, 2011, Standard & Poor's Ratings Services raised its long-term corporate credit rating on AbitibiBowater Inc. (ABI) to 'BB-' from 'B+'. The outlook is stable. At the same time, we raised our...

Companies mentioned in this report are:
- Resolute Forest Products Inc.

Action: Outlook: Stable
Action: Upgraded

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 READ MORE >

- Resolute Forest Products Inc.

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS