Moody's Ratings affirms Boise Cascade's Ba1 CFR; changes outlook to positive
Moody's Ratings (Moody's) affirms Boise Cascade Company's ("Boise Cascade") Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and Ba2 rating on its senior unsecured debt and revised outlook to positive from stable. The SGL-1 speculative grade liquidity rating remains unc...Boise Cascade is a wood products manufacturer and building materials distributor. The company's line of products is used primarily in new residential construction, residential repair-and-remodeling projects, light commercial construction, and industrial applications. The company has two reportable segments. The company's Wood Products segment manufactures laminated veneer lumber, I-joists, and laminated beams, which are collectively referred to as engineered wood products (EWP). The company's Building Materials Distribution segment sells a line of building materials, including oriented strand board, plywood, lumber, general line items such as siding, composite decking, metal products, insulation, and roofing, and EWP.
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