Weyerhaeuser's Credit Rating: Junk

Credit RatingsWeyerhaeuser CompanyRatingsCredit and DebtForestry and TimberMoody's Corporation

For the first time in Weyerhaeuser's 109-year history, its credit rating has been cut to below investment grade -- or "junk status."

Credit rating company Moody's Investors Services cites Weyerhaeuser's "weakened financial position" and a slump in U.S. housing construction for the status.

The housing slump has lasted for about three years. It also helped create the recession.

Since there aren't as many homes being built right now, there isn't too much demand for Weyerhaeuser's wood products.

Copyright © 2014, Los Angeles Times
Comments
Loading