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.