Norbord Inc. Outlook To Negative From Stable On Weak Credit Metrics; 'BB-' CCR Affirmed Nov 11
Standard & Poors, November 2011
Abstract
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: Affirmed
Action: Outlook: Negative
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Norbord Inc.
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