Issuer Ranking: U.S. Building Materials, Strongest to Weakest Jun 07
Standard & Poors, June 2007
Abstract
Standard & Poor's Ratings Services expects the overall ratings trend for building materials companies in 2007 to continue to be stable to slightly negative, as the declines in residential construction and home prices are creating a drag on the economy. It appears that the current environment is slightly worse than what we had anticipated under our base case scenario ( "Key Credit Factors: Three Scenarios For U.S. Building Materials In 2007," published Nov. 3, 2006). Under this scenario, we expected a relatively moderate housing slowdown, by historical standards, with about a 25% drop in housing starts from peak (about 2.1 million) 2005 levels, a slight increase in interest rates from 2006 levels, and some easing of input price inflation, leaving...
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Trane U.S. Inc.
- Armstrong World Industries Inc.
- Black & Decker Corp.
- Guardian Industries Corp.
- Holcim (U.S.) Inc.
- Masco Corp.
- Nortek Inc.
- Owens Corning
- Stanley Black & Decker Inc.
- Legacy Vulcan Corp.
- USG Corp.
- Wolverine Tube Inc.
- Associated Materials LLC
- Building Materials Corp. of America
- Contech Construction Products Inc.
- Martin Marietta Materials Inc.
- Atrium Cos. Inc.
- Axia Inc.
- Texas Industries Inc.
- BGF Industries Inc.
- Builders FirstSource Inc.
- NCI Building Systems Inc.
- Building Materials Holding Corp.
- Dayton Superior Corp.
- Interline Brands Inc.
- Valmont Industries Inc.
- Lennox International Inc.
- Headwaters Inc.
- Goodman Global Holdings Inc.
- Ply Gem Industries Inc.
- WII Components Inc.
- CPG International Inc.
- U.S. Concrete Inc.
- ThermaClime Inc.
- Norcraft Holdings LP
- United Subcontractors Inc.
- The Tensar Corp.
- Gibraltar Industries Inc.
- Formica Bermuda Holdings Ltd.
- Pro-Build Holdings Inc.
- IPS Corp.
- Jacuzzi Brands Corp.
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