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Fitch affirms Owens Corning
Fitch Ratings said it affirmed Owens Corning Inc.'s issuer default rating at BBB- following the company's announcement that it is lowering its earnings guidance for 2012.
The agency also affirmed the BBB- rating on its senior unsecured debt and BBB- rating on its unsecured revolving credit facility.
The outlook remains stable.
The company said it was lowering its earnings guidance for 2012 due to a weaker environment for its roofing and composites businesses, Fitch said.
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