Moody's Ratings assigns Baa1 ratings to Owens Corning's proposed notes
Moody's Ratings (Moody's) assigned a Baa1 senior unsecured ratings to Owens Corning's (OC) proposed senior unsecured notes issued in three tranches, all of which will rank pari passu to the company's other senior unsecured notes. The Baa1 ratings on OC's other senior unsecured notes are not affected...Owens Corning is engaged in manufacturing and delivering a range of insulation, roofing, and fiberglass composite materials. The company's Composites segment includes vertically integrated downstream activities. The company manufactures, fabricates and sells glass reinforcements in the form of fiber. The company's Insulation segment includes a portfolio of high, mid and low-temperature products with a geographic mix of United States, Canada, Europe, Asia-Pacific and Latin America, a market mix of residential, commercial, industrial and other markets, and a channel mix of retail, contractor and distribution. The company's products in the Roofing segment are laminate and strip asphalt roofing shingles.
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