- Language: English
- 89 Pages
- Published: July 2010
- Region: Thailand
Research Update: Temple-Inland Inc. 'BBB' Rating Withdrawn; 'BBB' Rating On Senior Unsecured Notes Affirmed Feb 12
- Published: February 2012
- Standard & Poors
International Paper Co. has completed its acquisition of U.S. forest products company Temple-Inland Inc. We are affirming the 'BBB' issue-level ratings on Temple-Inland's senior unsecured notes that will remain outstanding following the acquisition. We are withdrawing the corporate credit rating on Temple-Inland. On Feb. 13, 2012, Standard & Poor's Ratings Services withdrew its 'BBB' corporate credit rating on Austin, Texas-based Temple-Inland Inc. At the same time, we affirmed our 'BBB' (the same as acquirer International Paper Co.'s corporate credit rating) issue-level rating on the Temple-Inland's senior unsecured debt that will be assumed by International Paper Co. (BBB/Stable/--) International Paper Co. completed its acquisition of Temple-Inland on Feb. 13, 2012. As a result, we have withdrawn the corporate credit rating and...
Companies mentioned in this report are: Temple-Inland Inc.,International Paper Co.
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Temple-Inland Inc.,International Paper Co.
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