Strong brand names and leading market positions in roofing products, insulation, and composites Good geographic and product diversity, particularly in composites business Demand for Owens Corning's building products is subject to cyclical construction markets and its composites prices have exhibited a high degree of historical volatility Good profitability and cash flow even through cyclical downturns Solid track record of consistent cash flow generation Strong liquidity with ample credit lines and cash balances Some volatility in credit measures due to construction cycles Generally prudent financial policy The ratings outlook is stable. We expect Owens Corning will build on its improved operating performance in the first half of 2015, as growth in new home construction markets continues to benefit the company's insulation
