Monday, May 7, 2007

S&P may cut Weyerhaeuser on possible asset sale

(Reuters) - "Diversity, which has played a key role in our assessment of the company's business risk profile, will suffer if this segment is divested or spun off," S&P said in a statement.

Weyerhaeuser would be focused on highly cyclical wood products manufacturing, building products distribution and homebuilding, and its earnings and cash flow could be more volatile, S&P said.


Read more at Reuters.com Bonds News

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