Moody's may cut Owens Corning

Moody's Investors Service said it placed under review for downgrade Owens Corning's Baa3 rating on its $1.2 billion existing senior note issues and Baa3 rating on its $1.6 billion credit facility.

The review will focus on the company's ability to weather challenges presented by the homebuilding and repair/remodeling markets and improve its overall cost structure, according to the agency.

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