Moody's: Roofing Supply outlook negative

Moody's Investors Service said it changed the outlook of Roofing Supply Group, LLC to negative from stable since operating performance is below its previous expectations, resulting in very weak debt leverage credit metrics.

In a related rating action, Moody's said it affirmed Roofing Supply's B3 corporate family rating and its B3-PD probability of default rating.

The change in Roofing Supply's outlook to negative from stable results from operating performance below Moody's previous expectations. The agency said that its view is that the company will have difficulty generating significant levels of earnings and free cash flow necessary to improve debt credit, resulting in very weak debt credit metrics.

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