Moody's Ratings downgrades SIG plc's corporate family rating to B3 from B2; outlook stable
Moody's Ratings (Moody's) has today downgraded the long-term corporate family rating (CFR) of SIG plc (SIG or the company) to B3 from B2 and the probability of default rating (PDR) to B3-PD from B2-PD. Concurrently, we have downgraded the ratings of the company's backed senior secured notes to Caa1 ...Sig is a distributor of building products in Europe. Co. operates in three business areas: Insulation and Energy Management, with its key products including structural and industrial, technical insulation, dry lining, construction accessories, fixings, air handling systems, insulated panels and modular and housing systems; Exteriors, with its key products including tiles, slates, membranes and battens for pitched roofs, single-ply flat roofing systems, plastic building products, industrial roofing and cladding systems and room-in-roof panel systems; and Interiors, with its key products including dry lining, ceiling tiles and grids, doorsets, partition walls, and floor coverings.
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