Moody's affirms Standard Industries' Ba2 CFR; rating outlook stable
New York, February 02, 2017-- Moody's Investors Service affirmed Standard Industries, Inc.' s Ba2 Corporate Family Rating and its Ba2-PD Probability of Default Rating as it continues with its acquisition of Braas Monier Building Group S.A., a global supplier of concrete and clay tiles and building materials for pitched roofs primarily used in European residential buildings. In related rating actions, Moody's assigned a Ba2 to the company's proposed senior unsecured notes due...
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