American Builders&Contractors Supply Co., Inc. (ABC Supply) has improved earnings in fiscal 2015, increasing EBITDA by approximately 13.5% and reducing leverage metrics, including debt to EBITDA to 4.1x, at the end of 2015. We have revised our business risk assessment on ABC Supplyto satisfactory from fair, driven by the company's consistent EBITDA margins, which we consider above average for a roofing distributor, coupled with improved EBITDA figures year over year. We have upgraded the company to 'BB' from 'BB-'. We have raised our issue-level ratings on the company's $1.25 billion senior secured term loan B due 2020 to 'BBB-' from 'BB+'. Additionally, we raised our senior unsecured issue-level ratings on both the $500 million and $350 million senior
