Fitch Lowers Mercer International Rating to B- Amid Prolonged Softness in Pulp and Lumber Markets
Fitch Ratings has downgraded Mercer International Inc.'s Long-Term Issuer Default Rating to B- from B+ and assigned a Negative outlook, pointing to ongoing weakness in pulp and lumber markets that is driving higher leverage, compressing EBITDA generation and eroding liquidity over time. Fitch sees leverage remaining elevated through the forecast pe…