Apr 30, 2010. /Lesprom Network/. Rayonier announced that Moody's Investor Service raised the company's corporate credit rating to Baa2 from Baa3, and confirmed the outlook as stable. The Moody's research cited Rayonier's robust credit profile throughout the recession and the economic resilience of its core businesses. Commenting on the improved outlook, Hans E. Vanden Noort, Rayonier's senior vice president and CFO, said, "We're pleased that Moody's has recognized the benefit of our business mix as well as our balance sheet strength and liquidity." Rayonier is an international forest products company with three core businesses: Timber, Real Estate and Performance Fibers. The company owns, leases or manages 2.5 million acres of timber and land in the United States and New Zealand.