Moody's downgrades Domtar's CFR to Ba3, outlook stable
Moody's Investors Service (Moody's) downgraded Domtar Corporation's (Domtar) corporate family rating (CFR) to Ba3 from Ba2 and the probability of default rating (PDR) to Ba3-PD from Ba2-PD. Moody's also downgraded the rating on the senior secured bank credit facility to Ba3 from Ba2, the rating on t...Domtar is engaged in designing, manufacturing, marketing and distributing a range of fiber-based products including communication papers, specialty and packaging papers and absorbent hygiene products. Co. is also a marketer and producer of a broad line of incontinence care products as well as infant diapers. Co. operates the following business segments: Pulp and Paper, which consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp; and Personal Care, which consists of the design, manufacturing, marketing and distribution of absorbent hygiene products.
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