Moody's affirms Owens Corning

Moody's Investors Service said it affirmed Owens Corning's ratings: corporate family rating and probability of default at Ba1 and the senior unsecured bank credit facility and senior unsecured notes at Ba1.

Owens Corning's speculative-grade liquidity score remains SGL-2, the agency said, adding that the outlook has been changed to stable.

The change in outlook to stable from negative results from the modest expansion in the North American economy, resulting in improved earnings prospects for Owens Corning's businesses, Moody's noted.

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