Moody’s could lift Ainsworth

Moody's Investors Service said it placed the B1 corporate family rating, B1-PD probability of default rating and B1 senior secured note rating of Ainsworth Lumber Co. Ltd. under review for upgrade.

The review was precipitated by the company's announcement that it has signed an agreement to merge with the financially stronger and operationally more diverse Norbord Inc. (Ba2). Norbord is the third largest and Ainsworth is the fifth largest oriented strandboard (OSB) producer in North America.

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