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Resolute Forest Products Inc. -- Moody's upgrades Resolute Forest Product's CFR to Ba3, outlook stable

Moody's Investors Service ("Moody's") upgraded Resolute Forest Products Inc.'s (Resolute) corporate family rating ("CFR") to Ba3 from B1, probability of default rating ("PDR") to Ba3-PD from B1-PD and senior unsecured notes to B1 from B2. The speculative grade liquidity rating was affirmed at SGL-1 and Resolute's rating outlook is stable.