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Article: Georgia-Pacific Corp., Great Northern Nekoosa Corp. on S&P CreditWatch. (Standard and Poor's CreditWire)
- Article from:
- PR Newswire
- Article date:
- October 31, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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-- S&P CREDITWIRE -- GEORGIA-PACIFIC/GREAT NORTHERN NEKOOSA
ON S&P CREDITWATCH
NEW YORK, Oct. 31 /PRNewswire/ -- Georgia-Pacific Corp.'s (NYSE: GP) BBB+ rated senior debt and A2 commercial paper are placed on S&P CreditWatch, negative, following its intention to purchase Great Northern Nekoosa Corp. (NYSE: GNN) for nearly $3.2 billion.
About $1.7 billion of rated debt is affected.
Great Northern Nekoosa Corp.'s BBB+ senior debt and A2 commercial paper ratings are also placed on Watch, negative.
About $1 billion of rated debt is affected.
However, it is most likely that the senior implied ...