TORONTO (Standard&Poor's) Nov. 20, 2013—Standard&Poor's Ratings Services today said it assigned its 'BBB-' issue-level rating to Montreal-based pulp and paper producer Domtar Corp.'s proposed US$250 million senior unsecured notes. The notes rank equally with all of the company's existing unsecured obligations. We understand that the proceeds from the proposed notes will be used to partially fund Domtar's recently announced acquisition of Spain-based manufacturer of sanitary and hygienic products Laboratorios INDAS. At the same time, Standard&Poor's reviewed its ratings on Domtar, which it labeled as "under criteria observation" after publishing of its revised corporate criteria on Nov. 19. Standard&Poor's expedited the review of its ratings on Domtar because the company recently proposed to
