International Paper Co.'s Commercial Paper Program Rated 'A-2'; 'BBB' CCR Affirmed; Outlook Remains Stable - S&P Global Ratings’ Credit Research

International Paper Co.'s Commercial Paper Program Rated 'A-2'; 'BBB' CCR Affirmed; Outlook Remains Stable

International Paper Co.'s Commercial Paper Program Rated 'A-2'; 'BBB' CCR Affirmed; Outlook Remains Stable - S&P Global Ratings’ Credit Research
International Paper Co.'s Commercial Paper Program Rated 'A-2'; 'BBB' CCR Affirmed; Outlook Remains Stable
Published Jun 17, 2016
4 pages (1473 words) — Published Jun 17, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Industrial packaging, consumer packaging, and paper/pulp manufacturer International Paper Co. issued a new $750 million commercial paper program to help fund its acquisition of Weyerhaeuser Co.'s pulp business; We are affirming all of our ratings on International Paper Co., including our 'BBB' corporate credit rating; We assigned a short-term rating of 'A-2' on the company's commercial paper program; The stable outlook reflects our expectation that adjusted debt to EBITDA remains between the range of 2.5x to 3.5x, supporting an intermediate financial risk profile. NEW YORK (S&P Global Ratings) June 17, 2016--S&P Global Ratings today affirmed its ratings, including its 'BBB' corporate credit rating, on Memphis, Tenn.-based International Paper Co. (IP). The outlook remains stable. At the same time, we assigned

  
Brief Excerpt:

...+ Industrial packaging, consumer packaging, and paper/pulp manufacturer International Paper Co. issued a new $750 million commercial paper program to help fund its acquisition of Weyerhaeuser Co.'s pulp business; + We are affirming all of our ratings on International Paper Co., including our '###' corporate credit rating; + We assigned a short-term rating of 'A-2' on the company's commercial paper program; + The stable outlook reflects our expectation that adjusted debt to EBITDA remains between the range of 2.5x to 3.5x, supporting an intermediate financial risk profile. NEW YORK (S&P Global Ratings) June 17, 2016--S&P Global Ratings today affirmed its ratings, including its '###' corporate credit rating, on Memphis, Tenn.-based International Paper Co. (IP). The outlook remains stable. At the same time, we assigned a short-term corporate credit and commercial paper rating of 'A-2' on the new $750 million commercial paper program, which will be back-stopped by the company's $1.5 billion...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Paper Packaging (15103020)
Sector
Global Issuers , Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "International Paper Co.'s Commercial Paper Program Rated 'A-2'; 'BBB' CCR Affirmed; Outlook Remains Stable" Jun 17, 2016. Alacra Store. May 16, 2024. <http://www.alacrastore.com/s-and-p-credit-research/International-Paper-Co-s-Commercial-Paper-Program-Rated-A-2-BBB-CCR-Affirmed-Outlook-Remains-Stable-1658884>
  
APA:
S&P Global Ratings’ Credit Research. (). International Paper Co.'s Commercial Paper Program Rated 'A-2'; 'BBB' CCR Affirmed; Outlook Remains Stable Jun 17, 2016. New York, NY: Alacra Store. Retrieved May 16, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/International-Paper-Co-s-Commercial-Paper-Program-Rated-A-2-BBB-CCR-Affirmed-Outlook-Remains-Stable-1658884>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.