- Language: English
- Published: November 2011
Summary: Norbord Inc. Sep 11
- ID: 1925061
- September 2011
- Standard & Poors
The ratings on Norbord Inc. reflect what Standard & Poor's Ratings Services views as the company's low-cost operations and market position as the second-largest North American oriented strandboard (OSB) producer. These strengths are partially offset in our opinion by Norbord's exposure to cyclical housing construction markets, its highly leveraged capital structure, and weak profitability. As the second-largest OSB producer in the world, Norbord has an annual capacity of more than 5 billion square feet (bsf). The company also produces other wood products such as particleboard and medium density fiberboard. Its operating facilities are in North America and Europe. Standard & Poor's considers Norbord's business risk profile as weak. The company produces commodity products and operates in a highly cyclical industry...
Companies mentioned in this report are:
- Norbord Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >