SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Wednesday lowered the outlook on Temple-Inland Inc. TIN -0.27% to negative from stable while affirming its BBB rating. "The rating actions reflect our view that Temple-Inland could face shareholder pressure to engage in some form of leveraging transaction, given the company's stock price appreciation since International Paper Co. announced it was offering to acquire the company for $30.60 in cash--a 44% premium to Temple-Inland's stock price on June 6," said Pamela Rice, a S&P credit analyst. Temple-Inland's board has rejected International Paper's IP -3.50% most recent offer.
