Jul 03, 2006. /Lesprom Network/. Standard & Poor's Rating Services has placed on June 30 M-real Corporation's credit rating on CreditWatch with negative implications. M-real's current Standard & Poor's rating is BB-, negative outlook. M-real Corporation, headquartered in Finland and employing over 15 000 people, focuses on four business areas: consumer packaging, publishing, commercial printing and office papers. M-real is listed on the Helsinki Stock Exchange. In 2005, the sales of the company totalled Euro 5.2 billion.