S&P affirms Masonite

Standard & Poor's said it affirmed its BB- long-term corporate credit rating on Masonite International Corp. The outlook is stable.

The agency said it also affirmed its B+ issue-level rating, with a 5 recovery rating, on Masonite's senior unsecured notes, following a proposed $100 million add-on to the existing $275 million notes.

"The ratings on Masonite reflect what we view as the company's strong market position as one of the world's largest door manufacturers, with historically stable profitability and cash flow," said S&P credit analyst Jatinder Mall in a news release.

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