DBRS Correction: DBRS Assigns Issuer Rating to TimberWest at BBB

When confirming the Senior Unsecured Debentures rating of TimberWest Forest Corp. (TWF) on February 24, 2009, DBRS inadvertently did not convert the TWF rating into an Issuer Rating. The press release is as follows:

DBRS has today assigned an Issuer Rating of BBB to TimberWest Forest Corp. (TWF or the Company) at BBB, and discontinued the Senior Unsecured Debentures rating, reflecting the fact that there are no longer any senior unsecured debentures outstanding. The trend on the Issuer Rating is Stable.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating the Forest Products Industry, which can be found on our website under Methodologies.