Toronto, November 10, 2015 -- Moody's Investor Service says the combination agreement of Weyerhaeuser Company (Baa2 stable) and Plum Creek Timber Company, Inc. (which wholly owns Plum Creek Timberlands, L.P., Baa2 stable) is credit positive for both companies because the combined company will be larger and more diversified than either existing company, with continuing strong asset coverage, although ratings and outlooks are unaffected as there will be a modest increase in several leverage metrics, at least on an interim basis.
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