QXO receives BB- rating from S&P Global and Ba3 from Moody's for first acquisition.

From Yahoo Finance: 2025-04-24 11:25:00

Brad Jacobs’ building supply rollup QXO has received BB- from S&P Global and Ba3 from Moody’s, falling below investment-grade territory. QXO is making its first acquisition of Beacon Roofing Supply, valued at $11 billion, with a debt offering of $2.25 billion to cover part of the purchase. The acquisition is expected to close soon. S&P expects QXO’s leverage to be around 5.3X this year, dropping to 4X in 2026, while Moody’s forecasts leverage at 4.7X by the end of 2026. The outlook for QXO’s debt remains stable, with no expected upgrades or downgrades in the near future.



Read more at Yahoo Finance: Brad Jacobs’ QXO gets initial debt ratings as first big acquisition nears close