Fitch revises RPM view to stable

Fitch Ratings said it revised RPM International Inc.'s outlook to stable from negative and affirmed its BBB- issuer rating.

The outlook revision reflects the company's strong performance during the pandemic, which has meaningfully outperformed Fitch's rating case forecast, the agency said.

Fitch said it now expects RPM to grow revenues around 4% and EBITDA margins to improve more than 100 basis points in fiscal 2021, leading to total debt to operating EBITDA of around 2.6x at FYE 2021.

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