S&P affirms Masonite

Standard & Poor's said it affirmed its BB- long-term corporate credit rating on Masonite Inc.

The outlook is stable.

"The rating on Masonite reflects its view of the company as one of the world's largest door manufacturers, with historically stable profitability and cash flow, and no debt," said S&P credit analyst Jatinder Mall.

"These strengths are partially offset in its opinion by the company's exposure to the cyclical North American housing construction market, expectations of weak profitability for the next couple of years, and customer concentration," Mall added.

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