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BULLETIN: Preliminary U.S. Ruling to Cut Lumber Duties Won't Result In Immediate Rating Action Jun 04
Standard & Poors, June 2004
Abstract
NEW YORK (Standard & Poor's) June 4, 2004--The preliminary determination by the U.S. Department of Commerce (DOC) to substantially lower the combined countervailing and antidumping duties on lumber imported into the U.S. from Canada, if adopted, would be a positive development for companies with significant Canadian lumber production or log sales to Canadian lumber manufacturers, but will result in no rating actions at this time. Affected companies include Weyerhaeuser Co. (BBB/Negative/A-3), Tembec Inc. (BB-/Stable/--), Abitibi-Consolidated Inc. (BB/Negative/--), Pope & Talbot Inc. (BB/Negative/--), West Fraser Timber Co. Ltd. (BBB/Stable/--), TimberWest Forest Corp. (BB+/Stable/--), Millar Western Forest Products Ltd. (B+/Stable/--), and Riverside Forest Products Ltd. (B+/Stable/--). About a third of all lumber used in the U.S. is imported from Canada. Although the...
Companies mentioned in this report are: Weyerhaeuser Co.,Pope & Talbot Inc.,West Fraser Timber Co. Ltd.,Tembec Inc.,Abitibi-Consolidated Inc.,Millar Western Forest Products Ltd.,TimberWest Forest Corp.,Riverside Forest Products Ltd.
Action: Bulletin
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.
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