Nordic Business Report-March 21, 2006-Standard and Poor's revises Norske Skog's debt outlook to 'negative'
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The Norwegian forest industry group Norske Skog confirmed on Tuesday (21 March) that its debt outlook had been revised down by the ratings company Standard and Poor's.
Standard and Poor's revised the outlook on Norske Skog's debt from 'stable' to 'negative', pointing to challenges to improve operating performance and credit measures, Norske Skog said.
The rating itself is unchanged at 'BBB-' for long-term and 'A-3' for short-term debt.
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