DBRS Releases Report on Weyerhaeuser and Affiliates

DBRS has today released a report on Weyerhaeuser Company (WY or the Company) and its affiliates that provides further detail on the recent downgrade of the ratings to BBB with a Stable trend.

The rating action reflects the fact that the Company’s financial profile has been weak for an extended period of time and WY is not likely to make meaningful progress in repairing its financial profile in the near term due to the still-depressed conditions in the U.S. housing industry. The Stable trend recognizes that the Company’s performance has passed the trough of the current down cycle and WY is well positioned to benefit from an eventual recovery in the housing market, although the timing is uncertain.

Today’s report and the June 15, 2011, press release, are available at www.dbrs.com.