We estimate that U.S.-based American Builders&Contractors Supply Co. Inc.'s (ABC Supply Co.) sales will increase in 2015 due to a combination of product penetration and the expectation of higher commercial construction spending. We also estimate strong growth in new housing starts. We are affirming our 'BB-' corporate credit rating on ABC Supply Co. and our 'BB+' issue-level rating on the company's $1.25 billion senior secured bank term loan B. The '1' recovery rating remains unchanged. At the same time, we are raising our issue-level rating on ABC Supply Co.'s $500 million senior unsecured notes to 'B+' from 'B'. We are revising the recovery rating to '5' from '6'. Our stable outlook reflects our view that financial risk will
