DBRS ends West Fraser review

DBRS said it confirmed West Fraser Timber Co. Ltd.’s issuer rating and unsecured debentures rating at BBB (low), both with stable trends and removed West Fraser’s ratings from under review with developing implications.

DBRS placed the ratings under review on Nov. 20, 2020, following the agreement to acquire Norbord Inc. in an all-stock transaction.

“The rating confirmations follow DBRS Morningstar’s expectations that the transaction will have no impact on West Fraser’s overall ratings if the deal is completed as described in the arrangement agreement,” DBRS said in a press release.

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