Installed building products announces ratings upgrade from moody's

Columbus, ohio--(business wire)--installed building products, inc. (the “company” or “ibp”) (nyse: ibp), an industry-leading installer of insulation and complementary building products, today announced that moody's investors service, inc. ("moody's") has upgraded ibp's corporate family rating to ba1 from ba2, probability of default rating to ba1-pd from ba2-pd. moody's also upgraded the rating on the company's existing senior secured first lien term loan due 2028 to ba1 from ba2 and senior unse.
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