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Research Update: Temple-Inland Inc. 'BBB' Rating Withdrawn; 'BBB' Rating On Senior Unsecured Notes Affirmed Feb 12 Product Image

Research Update: Temple-Inland Inc. 'BBB' Rating Withdrawn; 'BBB' Rating On Senior Unsecured Notes Affirmed Feb 12

  • Published: February 2012
  • Standard & Poors

Abstract
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 As a result, we have withdrawn the corporate credit rating and...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.
Action: Withdrawn

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Temple-Inland Inc.,International Paper Co.

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