Domtar Corp. Corporate Credit Rating Raised To 'BB+' From 'BB' On Lower Debt; Outlook Positive - S&P Global Ratings’ Credit Research

Domtar Corp. Corporate Credit Rating Raised To 'BB+' From 'BB' On Lower Debt; Outlook Positive

Domtar Corp. Corporate Credit Rating Raised To 'BB+' From 'BB' On Lower Debt; Outlook Positive - S&P Global Ratings’ Credit Research
Domtar Corp. Corporate Credit Rating Raised To 'BB+' From 'BB' On Lower Debt; Outlook Positive
Published May 13, 2010
Published May 13, 2010
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We are raising our long-term corporate credit rating on Domtar Corp. to 'BB+' from 'BB', reflecting our opinion of the company's debt reduction, good operating performance, and management's commitment to reduce debt further. At the same time we raised the issue-level ratings on Domtar's senior secured debt to 'BBB' from 'BBB-' (two notches above the corporate credit rating on the company) and senior unsecured debt to 'BB' from 'BB-' (one notch below the corporate credit rating). The recovery ratings on both are unchanged. We also raised our long-term corporate credit rating on subsidiary Domtar Inc. to 'BB+' from 'BB', and our issue-level rating on the subsidiary's senior unsecured debt to 'BB' from 'BB-'. The outlook is positive. The '5' recovery

  
Report Type:

Ratings Action

Ticker
UFS
Issuer
Domtar Corp.
GICS
Paper Products (15105020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Domtar Corp. Corporate Credit Rating Raised To 'BB+' From 'BB' On Lower Debt; Outlook Positive" May 13, 2010. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Domtar-Corp-Corporate-Credit-Rating-Raised-To-BB-From-BB-On-Lower-Debt-Outlook-Positive-798733>
  
APA:
S&P Global Ratings’ Credit Research. (). Domtar Corp. Corporate Credit Rating Raised To 'BB+' From 'BB' On Lower Debt; Outlook Positive May 13, 2010. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Domtar-Corp-Corporate-Credit-Rating-Raised-To-BB-From-BB-On-Lower-Debt-Outlook-Positive-798733>
  
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