Moody's Assigns First-Time Ratings to Doman Building Mat.... 10:41 AM EDT, 10/21/2021 (MT Newswires) -- Moody's said Wednesday that it has assigned first-time ratings to Doman Building Materials Group Ltd. (DBM.TO).
The outlook is stable.
This includes B1 corporate family rating, B1-PD probability of default rating, B3 senior unsecured notes rating, and SGL-3 speculative grade liquidity rating.
For the corporate family rating, the rating agency cited the company's strong market positions in the Canadian building materials distribution and North American pressure-treated lumber, good geographical diversification with some vertical integration, and good industry fundamentals with decent long-term growth prospect, among other factors.
The company's stock rose 0.7% on last look on Thursday in Canada.
Doman Building Materials Group wholesales and distributes building materials.
Price: 6.82, Change: +0.06, Percent Change: +0.89