Fitch rates Brunswick, loan, notes BBB

Fitch Ratings said it assigned a BBB long-term issuer default rating to Brunswick Corp. and BBB issue-specific long-term ratings to its senior unsecured credit facility and senior unsecured notes.

The outlook is stable.

Fitch said the rating reflects Brunswick’s strong competitive positions in its marine and fitness segments, low leverage and improving business mix towards less cyclical marine parts and accessories and fitness businesses.

The agency believes the company is in a stronger position today to weather a downturn relative to the last recession.

However, cyclical boat and engine sales still comprise approximately 55% of the company's total sales, Fitch added.

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