S&P: Louisiana-Pacific view to negative

Standard & Poor's said it revised its rating outlook on Louisiana-Pacific Corp. to negative from stable.

At the same time, the agency affirmed its ratings on the company, including the BB corporate credit rating.

S&P said the negative outlook reflects its view that if oriented strand board prices do not improve in 2015 (due to weak prices caused by overproduction, Louisiana-Pacific could experience a second consecutive year of negative discretionary cash flow due to its capital spending requirements for the year, causing a further decline in its surplus cash balances and increased debt leverage of close to 5 times.

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