G-P's corporate debt rating raised, due to cuts

摘要

Behind cost reductions that sustained its annual EBITDA near 3 billion (excluding alternative fuel tax credits), Georgia-Pacific's (G-P) corporate credit rating was raised by Standard & Poor's (S&P) on Wednesday.The upgrade reflects the "greater-than-expected progress G-P has made in strengthening its credit measures as prices have held up better than we had anticipated," S&P credit analyst Pamela Rice said in a release.