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International Paper has announced a strategic U-turn, prompting a rating downgrade. The company, a leading global producer of fiber-based packaging and pulp products, has not provided specific details on the nature of the U-turn. However, the move is expected to have significant implications for the company's operations and financial performance. As a result, ratings agencies have downgraded International Paper's credit rating, citing increased uncertainty and potential risks associated with the change in strategy. The downgrade may impact the company's ability to access capital markets and increase its cost of borrowing. International Paper's decision comes amid a challenging market environment, with the global paper and packaging industry facing declining demand and increasing competition. The company's strategic U-turn is likely to be closely watched by investors and industry analysts, who will be seeking clarity on the reasons behind the move and its potential impact on International Paper's future prospects.