Connect with us

Credit agency expects slower growth at Masonite

Moody’s Investors Service changed the outlook for Masonite International (NYSE: DOOR) to stable from positive. Moody’s expects slower organic volume growth for the Tampa-based door manufacturer and higher material and labor costs, a news release said. Masonite is expected to benefit from new housing construction, repairs and remodeling. Moody’s affirmed Masonite’s Ba2 corporate family rating, just below investment grade, and other existing ratings.

More Zaps

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

Email us: spark@stpetecatalyst.com

Subscribe for Free