(The following statement was released by the rating agency)
Oct 01 - Overview
-- Sweden-based hygiene and forest products group Svenska Cellulosa Aktiebolaget SCA has transformed into a consumer products group with a focus on hygiene products.
-- We believe that the group's business risk profile will benefit from its increasing focus on relatively stable hygiene products and the divestment of more volatile packaging operations.
-- We are revising the outlook to positive because we believe SCA's profitability margin could become sustainably higher and more stable in the future.
-- We are affirming the ratings at 'BBB+/A-2'. Rating Action
On Oct. 1, 2012, Standard & Poor's Ratings Services revised its outlook on Swedish hygiene and forest products group Svenska Cellulosa Aktiebolaget SCA (SCA) to positive from stable. At the same time, we affirmed our 'BBB+' long-term and 'A-2' short-term corporate credit ratings on SCA.