Fitch affirms Owens Corning

Fitch Ratings said it affirmed Owens Corning's issuer default rating, senior debt and revolving credit facility at BBB-.

The outlook is stable.

The agency said the ratings reflect the company's leading market position in all of its major businesses, strong brand recognition and end-product and geographic diversity.

Risks include the cyclicality of the company's end-markets and a weak U.S. construction market, Fitch said.

The debt-to-EBITDA ratio as measured by Fitch was 2.7 times for the last 12 months ended Sept. 30, compared with 2.3 time at the end of fiscal 2010

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