Moody's assigns Ba2 CFR to American Woodmark; Ba3 to senior unsecured notes
Moody's Investors Service ("Moody's") assigned a first-time Ba2 Corporate Family Rating and Ba2-PD Probability of Default Rating to American Woodmark Corp. ("AMWD"), a national manufacturer and distributor of cabinets for remodeling and new home construction markets. In relat...American Woodmark manufactures and distributes kitchen, bath and home organization products for the remodeling and new home construction markets. The company provides a variety of products that fall into product lines including kitchen cabinetry, bath cabinetry, office cabinetry, home organization and hardware. The company's cabinetry products are available in a variety of designs, finishes and finish colors and door styles. The company provides products in the following categories: made-to-order, which are special ordered and shipped directly to the home from the factory; and stock, which represents cash and carry products sold through home centers. The company's home organization products are stock products.
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