Moody’s reviews Beacon Roofing

Moody's Investors Service said it placed Beacon Roofing Supply, Inc.'s ratings under review for downgrade, including its B1 corporate family rating, B1-PD probability of default rating, B2 rating assigned to its senior secured term loan and B3 rating assigned to its senior unsecured notes.

The review follows the company's announcement that it is acquiring Allied Building Products Corp. for $2.625 billion from CRH plc.

The SGL-2 speculative grade liquidity rating is unchanged at this time.

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