Fitch affirms Rockwood

Fitch Ratings said it affirmed Rockwood Specialties Group, Inc.'s issuer default rating at B, senior secured credit facility at BB/RR1, senior secured term loans at BB/RR1 and senior subordinated notes at B/RR4.

The outlook is stable.

For the 12 months ending June 30, the company's total debt-to-operating EBITDA ratio was 4.6 times.

The stable outlook reflects the likelihood that Rockwood's near-term financial performance should remain steady and debt levels should slowly decline as overall business conditions continue to improve and costs are brought under control, the agency said.

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