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Fitch affirms Building Materials
Fitch Ratings said it affirmed the BB+ rating on Building Materials Holding Corp.'s senior secured debt. This rating applies to the company's $650 million senior secured bank credit facilities, including the company's secured revolving credit facility.
Fitch has also affirmed the company's issuer default rating at BB.
The outlook remains stable.
Fitch said the rating and outlook reflect the continued improvement of Building Materials' operating performance, its focus on the large production homebuilders, and its diverse range of product and service offerings.
Risk factors include the company's exposure to the cyclicality of the homebuilding industry, possible integration/financing issues related to its ongoing acquisition program and the continued consolidation of the company's customer base, the agency said.
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