Jul 14, 2006. /Lesprom Network/. Standard & Poor's Ratings Services said on July 13 that Rayonier Inc.'s announcement regarding its new five-year sales contract with unrated Nantong Cellulose Fibers Co. does not affect ratings on Rayonier at this time. The contract is expected to generate $500 million in revenue and brings the total long-term contracted amount to about $2 billion for Rayonier's performance fibers unit. Standard & Poor's views this announcement as supportive of credit quality by providing clarity for future cash flow. Rayonier is a forest products company primarily engaged in the trading, merchandising and manufacturing of logs, timber and wood products, and in the production and sale of high-value-added specialty pulps.