Fitch rates RPM notes BBB-

Fitch Ratings said it assigned a BBB- issuer default rating to RPM International Inc. and BBB- ratings to its senior unsecured credit facility and senior unsecured notes.

The outlook is stable.

The agency said the ratings incorporate the long operational history of the company, its growth through acquisitions and its balanced portfolio of products. Fitch added that RPM has a very manageable debt level of $942 million at Nov. 30 and about $277 million available under the $400 million revolver, and its free cash flow is projected to remain positive.

The stable outlook reflects the likelihood that RPM's near-term financial performance should remain steady and debt levels should go up slightly, Fitch said - overall business conditions are stable despite the weakness in the new residential housing sector.

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