20.06.2016 17:01:00

Sappi Limited -- Moody's changes outlook on Sappi to positive, Ba3 CFR affirmed

Frankfurt am Main, June 20, 2016 -- Moody's Investors Service, ("Moody's") has today changed to positive from stable the outlook on all ratings of Sappi Limited (Sappi) and its subsidiary Sappi Papier Holding GmbH (SPH). Concurrently, Sappi's Ba3 corporate family rating (CFR), Ba3-PD probability of default rating (PDR) as well as the ratings of the various financial instruments at SPH including the Ba2 senior secured notes and credit facilities, as well as the B2 senior unsecured notes have been affirmed.

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