Moodys Investors Service - TopBuild Corp. (BLD) TopBuild Corp.: Update to credit analysis

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Moody's Investors Service

EUR 238.90 For Business Accounts Only

TopBuild Corp.: Update to credit analysis

Our credit view of this issuer reflects its low debt leverage and healthy operating performance, offset by its competitiveness and cyclicality of end markets and its large debt.

21/02/2025 1 EN

Underlying

TopBuild Corp.

TopBuild is an installer and distributor of insulation and other building products to the construction industry. The company's products and services are primarily for residential new construction, commercial construction, and residential repair/remodel activity. The company operates in two segments: installation, which installs various insulation applications that include fiberglass batts and rolls, blown-in loose fill fiberglass, blown-in loose fill cellulose, and polyurethane spray foam; and distribution, which distributes insulation and other building products including rain gutters, fireplaces, closet shelving, and roofing materials through its Service Partners business.

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US89055F1030 New York Stock Exchange United States

Provider

Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations

Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.

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TopBuild Corp.: Update to credit analysis

Vermilion Short Shots: Technically Vulnerable Stocks

Moody's Ratings announces completion of a periodic review of ratings of TopBuild Corp.

Moody's Ratings assigns ratings to five classes of refinancing notes issued by Flatiron RR CLO 22 LLC

Hobbs & Associates, LLC: Update to Credit Opinion following Incremental Debt Raise

Moody's Ratings affirms National Railroad Passenger Corp.(Amtrak)'s A1 issuer and senior unsecured ratings, outlook stable

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