US CREDIT - MeadWestvaco not the short it once was

Newswire

NEW YORK, June 29 (Reuters) - MeadWestvaco Corp.'s credit quality is not likely to get much better, but it may be too late to bet the packaging company's credit will weaken, credit investors said on Wednesday. MeadWestvaco was a name credit investors loved to hate last year, but the company improved its perceived credit quality dramatically in January by announcing it was selling its paper business and related assets for $2.3 billion. The company said when the deal was announced that it ...

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