Abitibi-Consolidated Inc. http://www.alacrastore.com/company-snapshot/Abitibi_Consolidated_Inc-1000138 25 Nov 2009 08:06:12 EST 1000138 Abitibi-Consolidated Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/research/creditsights-The_State_of_the_Newsprint_Market_November_2009-9189991899cs/91899normArticleTemplateABH scrapped its closure plans for the time being, and we expect that will dampen price hike efforts going into 2010.cuckorgandhiabitibibowatercatalyst_papernorske_skogindustrierstora_ensoupm_kymmeneabitibibowatercatalyst_papernorske_skogindustrierstora_ensoupm_kymmene9189924 Nov 2009 11:09:21 ESTYes91899150CreditSights Incbasic_industriespaperpaper_packagingpaperbasic_industriespaper_packagingPublishedhigh_yieldhigh_yieldStateOfTheNewsprintMarketState of the Newsprint Market2225 The State of the Newsprint Market: November #### The U.S. newsprint market was able to almost entirely pass through its announced $##/ton September/October price hike in the East, gaining another $##/ton after gaining $##/ton last month....abitibibowaterboise_cascadecatalyst_paperdomtarinternational_paperlouisiana_pacificm_realmattelmeadwestvaconewpagenorbordnorske_skogindustrierpotlatchsappistora_ensotembectemple_inlandupm_kymmeneverso_paperweyerhaeuserCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-The_State_of_the_Newsprint_Market_October_2009-9033190331cs/90331normArticleTemplateWhile the U.S. newsprint market has seemed to make all the headlines, we believe the European market brought us a big story this week.cuckorgandhiabitibibowatercatalyst_papernorske_skogindustrierabitibibowatercatalyst_papernorske_skogindustrier9033126 Oct 2009 11:09:00 ESTYes90331150CreditSights Inceuropeeuropebasic_industriespaperpaper_packagingpaperbasic_industriespaper_packagingPublishedhigh_yieldhigh_yieldStateOfTheNewsprintMarketState of the Newsprint Market2347 The State of the Newsprint Market: October #### The U.S. newsprint market was able to partially implement the $##/ton September/October price hike, gaining $##/ton in the East and $##/ton in the West.  However, ABH and White Birch...abitibibowaterabitibibowaterabitibibowaterboise_cascadeboise_cascadeboise_cascadecatalyst_papercatalyst_papercatalyst_paperdomtardomtardomtarinternational_paperinternational_paperinternational_paperlouisiana_pacificlouisiana_pacificlouisiana_pacificm_realm_realm_realmattelmattelmattelmeadwestvacomeadwestvacomeadwestvaconewpagenewpagenewpagenorbordnorbordnorbordnorske_skogindustriernorske_skogindustriernorske_skogindustrierpotlatchpotlatchpotlatchsappisappisappistora_ensostora_ensostora_ensotembectembectembectemple_inlandtemple_inlandtemple_inlandupm_kymmeneupm_kymmeneupm_kymmeneverso_paperverso_paperverso_paperweyerhaeuserweyerhaeuserweyerhaeuserCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Printing_and_Writing_Paper_Monthly_September_2009-8956989569cs/89569normArticleTemplateVolumes remained weak across all grades but outperformed YTD trends on both sides of the pond as buyers corrected their inventory levels.cuckorgandhiabitibibowatercatalyst_paperdomtarm_realnewpagenorske_skogindustriersappistora_ensoupm_kymmeneverso_paperabitibibowatercatalyst_paperdomtarm_realnewpagenorske_skogindustriersappistora_ensoupm_kymmeneverso_paper8956906 Oct 2009 11:09:00 ESTYes89569150CreditSights Inceuropeeuropebasic_industriespaperpaper_packagingpaperbasic_industriespaper_packagingPublishedhigh_yieldhigh_yieldPrintingAndWritingPaperMonthlyPrinting and Writing Paper Monthly1899 Printing and Writing Paper Monthly: September #### Aggregate printing and writing paper demand in North America fell ##.#% YoY in August (▼##.#% YTD).  Prices in North America held at their cyclical lows for all grades signaling...abitibibowaterabitibibowaterboise_cascadeboise_cascadecatalyst_papercatalyst_paperdomtardomtarinternational_paperinternational_paperlouisiana_pacificlouisiana_pacificm_realm_realmattelmattelmeadwestvacomeadwestvaconewpagenewpagenorbordnorbordnorske_skogindustriernorske_skogindustrierpotlatchpotlatchsappisappistora_ensostora_ensotembectembectemple_inlandtemple_inlandupm_kymmeneupm_kymmeneverso_paperverso_paperweyerhaeuserweyerhaeuserCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-The_State_of_the_Newsprint_Market_September_2009-8951289512cs/89512normArticleTemplateWith an operating rate of 65% and a record-low newsprint price of $435/ton, the North American newsprint market has surely hit rock-bottom. The good news is that market conditions can only improve from here onwards.cuckorgandhiabitibibowatercatalyst_papernorske_skogindustrierabitibibowatercatalyst_papernorske_skogindustrier8951205 Oct 2009 11:08:00 ESTYes89512150CreditSights Incbasic_industriespaperpaper_packagingpaperbasic_industriespaper_packagingPublishedhigh_yieldhigh_yieldStateOfTheNewsprintMarketState of the Newsprint Market2280 The State of the Newsprint Market: September #### U.S. newsprint consumption was down ##.#% in August (▼ ##.#% YTD) and consumption by U.S. dailies was down ##.#% (▼ ##.#% YTD).  Producers across the board announced a $##/ton...abitibibowaterabitibibowaterabitibibowaterboise_cascadeboise_cascadeboise_cascadecatalyst_papercatalyst_papercatalyst_paperdomtardomtardomtarinternational_paperinternational_paperinternational_paperlouisiana_pacificlouisiana_pacificlouisiana_pacificm_realm_realm_realmattelmattelmattelmeadwestvacomeadwestvacomeadwestvaconewpagenewpagenewpagenorbordnorbordnorbordnorske_skogindustriernorske_skogindustriernorske_skogindustrierpotlatchpotlatchpotlatchsappisappisappistora_ensostora_ensostora_ensotembectembectembectemple_inlandtemple_inlandtemple_inlandupm_kymmeneupm_kymmeneupm_kymmeneverso_paperverso_paperverso_paperweyerhaeuserweyerhaeuserweyerhaeuserCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-EarningsNote_January_30-21712171cs/2171normArticleTemplatecreditsights_staffattcoca_colaabitibibowaterunocalunited_parcel_serviceqwest_communicationsvalero_energymarathon_oil217114 Sep 2009 02:08:21 ESTYes2171150CreditSights Incunited_statescanadafood_bevenergyoil_gasintegrated_oilsconsumertransportationepsrefinersair_freight_logisticsfreight_logisticsintegrated_telecomwirelesstelecompaper_packagingbasic_industriesbeveragestmtpaperPublishedearningshigh_yieldeuro_markets_issuerscompanies_withnvertiblesEarningsNoteEarnings Note1566 EarningsNote (January ##) ▪ AT&T Wireless (Baa#/BBB) reported solid #Q results with total revenues up ##.#% YoY to $#.# billion and net adds for the quarter of ###,### (vs. the consensus estimate of ###,###). #Q ARPU decreased...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-EarningsNotes_February_1-21912191cs/2191normArticleTemplatecreditsights_staffel_pasoentergydynegydisneyverizonabitibibowatermattelstora_ensoanadarkophelps_dodgecalpineapachefi219114 Sep 2009 02:08:21 ESTYes2191150CreditSights Incunited_statescanadaeuropeenergyutilitieselectriccons_prod_svcconsumerchemicalspersonal_household_productsmedia_cableepsoil_gasdiversified_mediapipelines_mlpsindependent_power_producersintegrated_telecombasic_industriespaper_packagingpaperpackagingwirelesstelecomtmtPublishedearningseuro_markets_issuershigh_yieldcompanies_withnvertiblesEarningsNoteEarnings Note2204 EarningsNotes (February #) ▪ Abitibi Consolidated (Baa#/BBB-) reported #Q earnings of $# million compared to $### million in the year ago period on falling revenues.  North American newsprint pricing, which held up strong in the...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-United_States_and_Canada_Reach_Softwood_Lumber_Dispute_Resolution-4206742067cs/42067normArticleTemplateU.S. and Canadian trade representatives announced the signing of a resolution that will bring an end to the long-running softwood lumber dispute between the two countries.cuckosgoodyearabitibibowaterdomtartembecweyerhaeuserabitibibowaterdomtartembecweyerhaeuser4206714 Sep 2009 12:10:00 ESTYes42067150CreditSights Inccanadaunited_statescanadaunited_statesbasic_industriespaper_packagingpaper_packagingbasic_industriesPublishedhigh_yieldhigh_yieldSectorCommentSector Analysis718 United States and Canada Reach Softwood Lumber Dispute Resolution U.S. and Canadian trade representatives announced the signing of a resolution that will bring an end to the long-running softwood lumber dispute between the two countries....abitibibowaterabitibibowaterair_productsair_productsak_steelak_steelalcanalcanalcoaalcoaarmstrong_worldarmstrong_worldberry_plasticsboise_cascadeboise_cascadebownebownecaraustar_industriescaraustar_industriescatalyst_papercatalyst_papercenveocenveochemturachemturacrown_holdingscrown_holdingsdomtardomtardow_chemicaldow_chemicaldupontduponteastman_chemicaleastman_chemicalfreeport_mcmoranfreeport_mcmorangeorgia_gulfgeorgia_gulfgeorgia_pacificgeorgia_pacificgraphic_packaginggraphic_packaginginternational_paperinternational_paperlouisiana_pacificlouisiana_pacificlyondell_chemicallyondell_chemicalm_realm_realmattelmattelmeadwestvacomeadwestvacomonsantomonsantomosaic_companymosaic_companynalconalconewmont_miningnewmont_miningnewpagenewpagenorbordnorbordnorske_skogindustriernorske_skogindustriernucornucorolinolinowens_illinoisowens_illinoispackaging_of_americapackaging_of_americaphelps_dodgephelps_dodgepotlatchpotlatchppgppgpraxairpraxairquebecor_worldquebecor_worldr_r_donnelley_sonsr_r_donnelley_sonsrock_tennrock_tennsappisappiscotia_pacificscotia_pacificsealed_airsealed_airsmurfit_kappasmurfit_kappasmurfit_stonesmurfit_stonestora_ensostora_ensosvenska_cellulosasvenska_cellulosatembectembectemple_inlandtemple_inlandupm_kymmeneupm_kymmeneus_steelus_steelvalassisvalassisverso_paperverso_paperweyerhaeuserweyerhaeuserxstrataxstrataCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-The_Printing_and_Writing_Paper_Monthly_July_2009-8721987219cs/87219normArticleTemplateVolumes took a dive yet again as aggregate printing and writing paper demand in North America fell 21% YoY in June.rgandhicuckonewpagestora_ensoverso_papersappiupm_kymmenem_realdomtarabitibibowatercatalyst_paper8721931 Jul 2009 12:09:20 ESTYes87219150CreditSights Incpaperpaper_packagingbasic_industriesPublishedhigh_yieldPrintingAndWritingPaperMonthlyPrinting and Writing Paper Monthly1992 The Printing and Writing Paper Monthly: July #### Volumes took a dive yet again as aggregate printing and writing paper demand in North America fell ##% YoY in June (▼ ##.#% YTD).  The aggregate printing and writing operating...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/s-and-p-credit-research-Abitibi_Consolidated_Inc_Abitibi_Consolidated_Co_of_Canada_Senior_Unsecured_Debt_Recovery_Rating_Revised_To_6-736743736743spcred/736743normglobal29 Jul 2009 06:23:00 EST100NewsThe latest News from S&PCanadaPaper ProductsCanadaGlobal IssuersNewsCAN00367200392415105020 151050 1510 15Abitibi-Consolidated Inc.318647CANA@CNNEWSCORPForestGLOBISSLEVFINCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Research_Update_Abitibi_Consolidated_Inc_Abitibi_Consolidated_Co_of_Canada_Recovery_Rating_On_Senior_Unsecured_Debt_Revised_To_6-736744736744spcred/736744normglobal29 Jul 2009 06:23:00 EST175Research UpdateThe latest Research Update from S&PCanadaPaper ProductsCanadaGlobal IssuersResearch UpdateCAN00367200392415105020 151050 1510 15Abitibi-Consolidated Inc.318647CANA@CNRESUPDCAN00366900367B15105020 151050 1510 15Abitibi-Consolidated Company of Canada358163CANCORPForestGLOBISSLEVFINCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/research/creditsights-The_State_of_the_Newsprint_Market_July_2009-8674586745cs/86745normArticleTemplateDismal newsprint data for June, released on the eve of the 2Q09 earnings season, did very little to improve the somber mood amongst newsprint producers.rgandhicuckoabitibibowaternorske_skogindustriercatalyst_paper8674523 Jul 2009 11:09:57 ESTYes86745150CreditSights Incpaperbasic_industriespaper_packagingPublishedhigh_yieldStateOfTheNewsprintMarketState of the Newsprint Market2064 The State of the Newsprint Market: July #### U.S. newsprint consumption was down ##% in June (▼##.#% YTD) and consumption by U.S. dailies was down ##.#% in June (▼##.#% YTD). In June, North American operating rates fell...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-BondScore_Default_Case_Study_AbitibiBowater_ABH-8395683956cs/83956normArticleTemplateWe use BondScore to showcase model output prior to default for AbitibiBowater (ABH), while comparing it to its peers in the paper and forest products sector.creditsights_staffabitibibowater8395613 Jul 2009 05:09:00 ESTYes83956250CreditSights Inccanadabasic_industriespaperpaper_packagingPublishedbondscorehigh_yield BondScore Default Case Study: AbitibiBowater (ABH) Prior to its default in April ####, ABH's CRE of ##.##% was more risky than the sector mean and was considered a default risk due to its extremely high CRE,  bank covenant issues, and...BondScoreDefaultCaseStudyBondScore Default Case Study1052Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-The_Printing_and_Writing_Paper_Monthly_June_2009-8589385893cs/85893normArticleTemplateCanada jumps into the black liquor credit game as CAD inflation and the U.S. alternative tax credit squeeze Canadian producer margins.rgandhicuckosappim_realupm_kymmeneabitibibowaterstora_ensodomtarcatalyst_paperverso_papernewpage8589329 Jun 2009 11:09:00 ESTYes85893150CreditSights Incpaperpaper_packagingbasic_industriesPublishedhigh_yieldPrintingAndWritingPaperMonthlyPrinting and Writing Paper Monthly2484 The Printing and Writing Paper Monthly: June #### To rival the Alternative fuel tax credit program that is subsidizing many kraft pulp mills in the U.S., Canada announced a C$# billion black liquor funding program. The demand side...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-The_State_of_the_Newsprint_Market_June_2009-8567185671cs/85671normArticleTemplateAs we expected, U.S. newsprint prices plunged another $75/ton in June. However, could we be approaching a price floor for U.S. newsprint?rgandhicuckoabitibibowaternorske_skogindustriercatalyst_paper8567123 Jun 2009 11:10:00 ESTYes85671150CreditSights Incpaperbasic_industriespaper_packagingPublishedhigh_yieldStateOfTheNewsprintMarketState of the Newsprint Market2515 The State of the Newsprint Market: June #### U.S. newsprint prices plunged another $##/ton to $###/ton in June.  Newsprint producers faced a shocking $###/ton price decline in #Q##. U.S. consumption declined ##.#% in May compared to...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Paper_Pensions_Shortfalls_Galore-8515885158cs/85158normArticleTemplate2008 was a dismal year for pension plans across our high yield paper and wood products coverage universe as pension plan assets dwindled during the market crash. We expect 2009 will be more of a mixed bag.rgandhicuckonorbordnewpageverso_papersappiupm_kymmenestora_ensonorske_skogindustrierm_realcatalyst_paperlouisiana_pacificdomtarabitibibowater8515811 Jun 2009 03:10:00 ESTYes85158150CreditSights Incpaperpaper_packagingbasic_industriesPublishedpensionshigh_yieldSectorCommentSector Article2975 Paper Pensions: Shortfalls Galore #### was a dismal year for pension plans across our coverage universe as pension plan assets dwindled during the market crash. We are in the midst of another down-cycle in the paper sector and we believe...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-The_Printing_and_Writing_Paper_Monthly_May_2009-8464184641cs/84641normArticleTemplateAfter a dismal 1Q09 earnings season, paper producers got no respite as massive declines in demand persisted across all key grades in April. We discuss relative value across our paper coverage universe.rgandhicuckocatalyst_paperdomtarupm_kymmenem_realstora_ensosappinorske_skogindustriernewpageverso_paperabitibibowater8464126 May 2009 11:10:16 ESTYes84641150CreditSights Incpaperpaper_packagingbasic_industriesPublishedhigh_yieldPrintingAndWritingPaperMonthlyPrinting and Writing Paper Monthly2274 The Printing and Writing Paper Monthly: May #### The Obama administration is facing pressure to eliminate the alternative fuel tax credit by October #, ####. Cost deflation also continued as benchmark NBSK pulp prices are down (▼##.#%...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-AbitibiBowater_10_Q_and_Court_Docs_Provide_Color-8459584595cs/84595normArticleTemplateUsing information from the 10Q and court documents, we provide a liquidity and capital structure update on ABH.cuckorgandhiabitibibowater8459526 May 2009 03:09:00 ESTYes84595150CreditSights Inccanadabasic_industriespaper_packagingpaperPublishedearningsbankruptcyhigh_yield_10-QCut10-Q Cut2439 AbitibiBowater: ##-Q and Court Docs Provide Color ABH reported #Q## adjusted EBITDA of $### million, well above $## million in the weak year-ago quarter, but down from roughly $### million in the quarter prior. Newsprint volumes declined...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-The_State_of_the_Newsprint_Market_May_2009-8459284592cs/84592normArticleTemplateNewsprint producers in North America face unsustainable operating conditions as prices have plunged $120/ton in the last two months.rgandhicuckocatalyst_paperabitibibowaternorske_skogindustrier8459225 May 2009 11:09:00 ESTYes84592150CreditSights Incpaper_packagingbasic_industriesPublishedhigh_yieldStateOfTheNewsprintMarketState of the Newsprint Market2275 The State of the Newsprint Market: May #### U.S. newsprint prices plunged another $##/ton to $###/ton in May from a restated price of $###/ton in April.    U.S. consumption declined ##.#% in April, compared to ##.#% in March, and ##.#%...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/468638_pr_frame468638_pr_framefitch/468638_pr_framehtmlBowater Canadian Forest Products Inc.AbitibiBowater IncAbitibi-Consolidated Inc.Bowater Inc.8594667986688123825890788188171717 Apr 2009 02:11:00 EST0103120085Press ReleaseABWTQFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/641482spcred/641482norm641482The latest Research Update from S&Pstructured10 Apr 2009 03:19:36 EST175Research UpdateCanadaPaper ProductsCanadaGlobal IssuersStructured FinanceFinancial InstitutionsForest ProductsAsset-Backed SecuritiesCorporationsResearch UpdateCAN00367200392415105020 151050 1510 15Abitibi-Consolidated Inc.318647CANA@CNRESUPDUSACAN00366900367B00368705356K10217E10218313642N15105020 151050 1510 15Bowater Inc.Bowater Canadian Forest Products Inc.Abitibi-Consolidated Company of CanadaAbitibiBowater Inc.440042116187105106358163CANEMERGINGLATAMERICAUSAABHBOWAVR@CNForestGLOBISSSTRUCFICORPLEVFINABSCredit & Investment ResearchS&P Credit Research