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Cornerstone Building Brands, Inc.: Covenant Quality Post-Sale Snapshot...

Cornerstone Building Brands, Inc.'s covenant package provides weakest-level protection, reflecting a CQ score of 4.93.

Moody's Ratings assigns B2 to Cornerstone's proposed senior secured no...

Moody's Ratings (Moody's) assigned a B2 rating to Cornerstone Building Brands, Inc.'s (Cornerstone) proposed $500 million senior secured notes due 2029. All other ratings, including Cornerstone's B2 corporate family rating (CFR) are unchanged. The ratings outlook remains negative. Proceeds from th...

Cornerstone Building Brands, Inc.: Update following outlook change to ...

Our credit view of this issuer reflects its leading market position, constrained by its volatility of key raw material prices, especially PVC resin, steel, glass and aluminum.

Moody's Ratings changes Cornerstone's outlook to negative, assigns B2 ...

Moody's Ratings (Moody's) changed the outlook of Cornerstone Building Brands, Inc. (Cornerstone) to negative from stable. Moody's also affirmed Cornerstone's B2 corporate family rating (CFR), B2-PD probability of default rating (PDR), B2 senior secured credit facility rating, B2 senior secured notes...

Cornerstone Building Brands, Inc.: Update to credit analysis

Our credit view of this issuer reflects its cyclical end markets, its elevated debt leverage and the volatility of key raw material prices, especially PVC resin, steel, glass and aluminum.

Cornerstone Building Brands, Inc.: Covenant Quality Post-Sale Snapshot...

Cornerstone Building Brands, Inc.'s covenant package provides weakest-level protection, reflecting a CQ score of 4.81.

Cornerstone Building Brands, Inc.: Covenant Quality Post-Sale Snapshot...

Cornerstone Building Brands, Inc.'s covenant package provides weakest-level protection, reflecting a CQ score of 4.81.

Cornerstone Building Brands, Inc.: Update to credit analysis following...

Our credit view of Cornerstone reflects the company's elevated leverage and cyclical end markets against its leading market position, improved profitability, and free cash flow generation.

Moody's downgrades Cornerstone's CFR to B2 from B1, assigns B2 to new ...

Moody's Investors Service (Moody's) downgraded Cornerstone Building Brands, Inc.'s (Cornerstone) Corporate Family Rating (CFR) to B2 from B1 and Probability of Default Rating (PDR) to B2-PD from B1-PD.  Moody's also downgraded the rating on Cornerstone's existing senior secured credit facility to B2...

Cornerstone Building Brands, Inc.: Update following placement of ratin...

Our credit view of Cornerstone reflects the company's leading market position and strong credit metrics, offset by the potential risk for a more aggressive financial policy.

Moody's reviews Cornerstone Building Brands for downgrade on going pri...

Rating Action: Moody's reviews Cornerstone Building Brands for downgrade on going private announcement. Global Credit Research- 08 Mar 2022. New York, March 08, 2022-- Moody's Investors Service placed Cornerstone Building Brands, Inc.' s ratings, including the company's B1 Corporate Family Rating, on review for downgrade.

Cornerstone Building Brands, Inc.: Potentially going private increases...

Cornerstone received an offer from CD&R to acquire all of the company’s outstanding shares that CD&R does not own. Potentially going private would increase Cornerstone’s financial risks.

Moody's announces completion of a periodic review of ratings of Corner...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cornerstone Building Brands, Inc.. Global Credit Research- 07 Jun 2021. New York, June 07, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Cornerstone Building Brands, Inc. and other ratings that are associated with the same analytical unit.

Cornerstone Building Brands, Inc.: Update to credit analysis following...

Our credit view of Cornerstone Building Brands reflects its improving credit metrics, commitment to reduce leverage, and leading market position, offset by leverage and cyclical end markets.

Cornerstone Building Brands, Inc.: Covenant Quality Post-Sale Snapshot...

Cornerstone Building Brands, Inc.'s covenant package provides weakest-level protection, reflecting a CQ score of 4.84.

Cornerstone Building Brands, Inc.: Update to credit analysis

Our credit view of Cornerstone reflects its strong market position, good liquidity profile and margin expansion offset by its high debt leverage and exposure to cyclical end markets

Moody's announces completion of a periodic review of ratings of Corner...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cornerstone Building Brands, Inc.. Global Credit Research- 21 Sep 2020. New York, September 21, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Cornerstone Building Brands, Inc. and other ratings that are associated with the same analytical unit.

Moody's assigns Caa1 rating to Cornerstone's proposed $400 million sen...

Rating Action: Moody's assigns Caa1 rating to Cornerstone's proposed $400 million senior unsecured notes. Global Credit Research- 09 Sep 2020. New York, September 09, 2020-- Moody's Investors Service assigned a Caa1 rating to Cornerstone Building Brands, Inc.' s proposed $400 million senior unsecured notes due 2029. All other ratings for the company remain unchanged, including the B2 Corporate Family Rating, B2-PD Probability of Default Rating, B2 senior secured credit...

Cornerstone Building Brands, Inc. : Update to credit analysis

Our credit view of Cornerstone reflects its leading market position, scale and commitment to bring leverage down offset by its elevated leverage and dependence on cyclical end markets

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