Our 'BB-' rating on American Builders&Contractors Supply Co. is derived from: Our anchor of 'bb-', based on our "fair" business risk and "aggressive" financial risk profile assessments for the company. The modifiers have no impact on the rating outcome. A leading position in a very attractive roofing market A relatively large size and scale of operations Significant business diversification Some exposure to volatile construction cycles and unpredictable weather patterns Forecast leverage below 5x Historically generation of positive free cash flow Strong liquidity supported by balance sheet cash and availability on its credit facility No financial maintenance covenants The stable rating outlook reflects our expectation that the company will continue to generate positive free cash flow and maintain strong
RESEARCH Summary: American Builders & Contractors Supply Co. Inc. Publication date: 17-Apr-2014 Primary Credit Analyst: Maurice S Austin, New York (1) 212-438-2077; maurice.austin@standardandpoors.com Secondary Contact: Thomas J Nadramia,...
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Research Update: American Builders&Contractors Supply Co. Inc. Rating Affirmed, Outlook Stable; Note Rating Raised To 'B+' – 2015/03/30 – US$ 225.00
Research Update: American Builders&Contractors Supply Co. 'BB-' Rating Affirmed; Proposed $350 Million Senior Notes Rated 'BB-' – 2015/11/19 – US$ 225.00
Research Update: American Builders&Contractors Supply Co. Inc. Upgraded One Notch On Improved Earnings; Outlook Stable – 2016/03/21 – US$ 225.00
Research Update: American Builders&Contractors Supply Co. Inc. Ratings Placed On CreditWatch Negative On Purchase Agreement – 2016/08/30 – US$ 225.00
Research Update: Rating On American Builders&Contractors Supply Affirmed At 'BB' With Stable Outlook; Debt Ratings Lowered To 'B+' – 2016/09/20 – US$ 225.00
American Builders&Contractors Supply Co. Inc. Assigned 'BB-' Credit Rating, Stable Outlook; New Debt Also Rated – 2013/05/21 – US$ 150.00
Research Update: American Builders&Contractors Supply Co. Inc. Assigned 'BB-' Credit Rating, Stable Outlook; New Debt Also Rated – 2013/05/21 – US$ 225.00
American Builders&Contractors Supply Co. Inc. Rated Preliminary 'BB-'; Preliminary Issue Ratings Assigned; Otlk Stable – 2013/03/29 – US$ 150.00
Research Update: American Builders&Contractors Supply Co. Inc. Rated Preliminary 'BB-'; Preliminary Issue Ratings Assigned; Otlk Stable – 2013/03/29 – US$ 225.00
American Builders&Contractors Supply Co. Inc. Ratings Withdrawn at Company's Request – 2004/05/26 – US$ 150.00
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