Fitch trims RPM International

Fitch Ratings said it downgraded the ratings of RPM International, Inc., including the company's long-term issuer default rating to BBB- from BBB.

“The downgrade reflects Fitch's expectation that RPM's credit metrics will deteriorate in the near to intermediate-term due to the rapid escalation of the coronavirus pandemic and the effect it is having on RPM's consumer, construction and industrial markets and operations,” said Fitch in a press release.

The outlook is negative.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.