Standard & Poor's upgrades Cascades' outlook

    KINGSEY FALLS, QC, Sept. 2 /CNW Telbec/ - Cascades Inc. (CAS on the
Toronto stock exchange), a leader in recovery and in green packaging and
tissue paper products, wishes to highlight the recent decision by Standard &
Poor's rating agency to upgrade the outlook related to Cascades' corporate
credit rating from negative to stable. Standard & Poor's also reaffirmed
Cascades' corporate credit and other debt instrument ratings.
    Commenting the news, Mr. Alain Lemaire, president and CEO stated: "We are
pleased to observe that one of the main rating agencies has recognized the
steady improvement in our results and financial situation over the past twelve
months. Building on this good news, we will continue to carefully manage our
cash flows and to focus on improving our financial flexibility in the coming
    For the full press release from Standard & Poor's, please refer to the
following link:
<a href=",1,1,3,1204849790709.html">,1,1,3,120

    Founded in 1964, Cascades produces, converts and markets packaging and
tissue products composed mainly of recycled fibres. Cascades employs close to
13,000 employees who work in more than 100 modern and flexible production
units located in North America and Europe. Cascades' management philosophy,
its 45 years of experience in recycling, its continued efforts in research and
development are strengths which enable the company to create new products for
its customers. The Cascades' shares trade on the Toronto stock exchange under
the ticker symbol CAS.

    Certain statements in this release, including statements regarding future
results and performance, are forward-looking statements (as such term is
defined under the Private Securities Litigation Reform Act of 1995) based on
current expectations. The accuracy of such statements is subject to a number
of risks, uncertainties and assumptions that may cause actual results to
differ materially from those projected, including, but not limited to, the
effect of general economic conditions, decreases in demand for the Company's
products, increases in raw material costs, fluctuations in selling prices and
adverse changes in general market and industry conditions and other factors
listed in the Company's Securities and Exchange Commission filings.

For further information:

For further information: Investors: Mr. Didier Filion, Director,
Investor relations, (514) 282-2697; Source: Mr. Christian Dubé, Vice-President
and Chief Financial Officer

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