Standard & Poor's downgrades M-real's credit rating
Jan 16, 2009. /Lesprom.com/. Standard & Poor's has downgraded M-real Corporation's B- rating to CCC+. The outlook of the rating remains negative.
Jan 16, 2009. /Lesprom.com/. Standard & Poor's has downgraded M-real Corporation's B- rating to CCC+. The outlook of the rating remains negative, M-real said in a statement received by Lesprom Network. Downgrade has an annual impact of approximately Euro 2 million on M-real's current annual financing costs.
M-real produces paperboard and paper.