Moody's Ratings downgrades Clearwater Paper Corporation's CFR to B1; outlook remains negative
Rating Action: Moody's Ratings downgrades Clearwater Paper Corporation's CFR to B1; outlook remains negative. Global Credit Research- 23 Apr 2026. Toronto, April 23, 2026-- Moody's Ratings downgraded Clearwater Paper Corporation's corporate family rating to B1 from Ba3, probability of default rating to B1-PD from Ba3-PD, and senior unsecured notes rating to B3 from B1.Clearwater Paper manufactures consumer tissue, away-from-home tissue (AFH), parent roll tissue, bleached paperboard and pulp. The company is a supplier of private label tissue to retailers and wholesale distributors. In addition, the company produces bleached paperboard and provides services that include custom sheeting, slitting and cutting. The company's segments are: Consumer Products, which manufactures and sells a complete line of at-home tissue products as well as AFH products; and Pulp and Paperboard, which consists primarily of folding carton, liquid packaging, cup and plate products, blister and carded packaging, top sheet, commercial printing grades and hardwood and softwood pulp.
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