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Associated Materials LLC Outlook Revised To Negative On Likely Operating Challenges Into 2012; Ratings Affirmed Sep 11
Standard & Poors, Sep 2011
Abstract
Operating performance for U.S.-based building products manufacturer Associated Materials LLC has been weaker than we expected. The company likely will continue to underperform expectations given weak residential construction activity and spending on repairs and remodeling. We are revising our rating outlook to negative to reflect our assessment that Associated Materials' operating performance likely will be strained well into 2012. We are affirming our ratings on the company, including the 'B' corporate credit rating. NEW YORK (Standard & Poor's) Sept. 30, 2011--Standard & Poor's Ratings Services said today that it revised its rating outlook on Cuyahoga Falls, Ohio-based Associated Materials LLC to negative from stable. At the same time, Standard & Poor's affirmed its ratings on the company, including the 'B'...
Companies mentioned in this report are: Associated Materials LLC,AMH New Finance Inc.
Action: Affirmed
Action: Outlook: Negative
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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