DBRS confirms West Fraser; trend negative

DBRS said it has confirmed the issuer rating and the secured debentures rating of West Fraser Timber Co. Ltd. at BB (high), and has changed the trends from negative to stable.

The confirmation recognizes the solid improvement - well above its expectations - in the company's financial profile, the agency noted.

In addition, DBRS said it believes that the company has reversed its loss-making performance and its financial profile should remain compatible with the current rating even though operating results may weaken in the near term due to the still-depressed housing market.

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