New York, March 23, 2016 -- Moody's Investors Service said today that Griffon Corporation's ("Griffon") increase in the size of its unrated secured revolving credit facility to $350 million from $250 million is a moderate credit positive, but does not immediately affect the company's B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR), or the stable rating outlook.

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