Wisconsin-based building materials distributor, American Builders&Contractors Supply Co. Inc. (ABC Supply), continues to maintain credit metrics commensurate with a 'BB+' rating. As a result, we believe the company will likely sustain S&P Global Ratings-adjusted debt to EBITDA below 2x over the next 12-24 months. Therefore, we raised our issuer credit rating on ABC Supply to 'BB+' from 'BB'. We maintained our recovery rating of '2' (rounded estimate: 80%) with issue-level rating of 'BBB-' on the term loan B and senior secured notes. We additionally maintained our recovery rating of '6' (rounded estimate: 0%) with issue-level rating of 'BB-' on the company's senior unsecured notes. The stable outlook reflects our view that the company can sustain S&P Global Ratings-adjusted
