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Norbord Inc. Outlook To Negative From Stable On Weak Credit Metrics; 'BB-' CCR Affirmed Nov 11
- Published: November 2011
- Standard & Poors
We are revising our outlook on Norbord Inc. to negative from stable. At the same time, we are affirming the ratings on the company, including our 'BB-' long-term corporate credit rating on Norbord. The negative outlook reflects our view of Norbord's credit metrics, which have weakened in 2011. While we expect slight improvements in performance in 2012, we believe the company's credit metrics will remain weak in the near term due to low oriented strandboard prices and a prolonged recovery in U.S. housing starts. TORONTO (Standard & Poor's) Nov. 23, 2011--Standard & Poor's Ratings Services today said it revised its outlook on Norbord Inc. to negative from stable. At the same time, Standard & Poor's affirmed its 'BB-' long-term corporate...
Companies mentioned in this report are:
- Norbord Inc.
Action: Outlook: Negative
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- Norbord Inc.