Fitch affirms PPG Industries

Fitch Ratings said it affirmed PPG Industries, Inc.'s issuer default rating at A-.

The outlook is stable.

The affirmations reflect a geographically well-balanced company with a heightened focus on its coatings and optical businesses, consistent strong earnings and excellent cash flow, Fitch said.

Risk factors include the cyclicality of certain of PPG's end-markets, often volatile raw materials and energy costs and the company's exposure to asbestos litigation, the agency said.

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