Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Pulp & Paper / Sawmilling / Wood Products / Europe / Global
September 14, 2020
Swedish forest companies receive lower credit ratings
One of Sweden's largest forest industry groups has its credit rating lowered by the credit rating agency Standard & Poor's, which, however, believes in a clearing soon again. The American credit rating agency Standard & Poor's (S&P) has lowered the credit rating for the forestry company SCA to BBB- from BBB with reference to seeing "weak market conditions". It reports the newspaper Affärsvärlden. S&P estimates that the market situation for SCA will lead to lower revenues and EBITDA for the company during 2020 ...
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