Fitch upgrades Rockwood

Fitch Ratings said it upgraded Rockwood Specialties Group, Inc.'s issuer default rating to B+ from B, its senior secured credit facility and senior secured term loans to BB+/RR1 from BB/RR1 and its senior subordinated notes to B+/RR4 from B-/RR5.

The outlook is stable.

The agency said Rockwood's ratings reflect leading positions in many of its product lines, diversification by market and end-use, good profit margins and consistent generation of free cash flow.

The senior secured debt ratio was 2.79 times for the period ended June 30.

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