01:28 PM EDT, 03/27/2024 (MT Newswires) -- Moody's on Tuesday changed West Fraser Timber Co.'s ( WFG ) outlook to positive from stable and affirmed the company's Baa3 senior unsecured notes rating.

"The outlook change reflects our expectation that the company will demonstrate good operating performance and maintain strong credit metrics, even at trough pricing levels", Mikhil Mahore, Moody's analyst, said.

The company's stock slipped 0.7% on last look on Wednesday.

Price: 117.75, Change: -0.82, Percent Change: -0.69