Fitch rates RPM notes BBB-

Fitch Ratings said it assigned a BBB- rating to RPM International's $250 million issuance of senior notes.

RPM has BBB- issuer default, senior unsecured credit facility and senior unsecured note ratings.

The outlook is stable.

Proceeds will be used to refinance existing debt and for general corporate purposes.

Ratings reflect the long operating history of the company, its growth through acquisitions and its balanced portfolio of products as well as capital structure.

The company's unadjusted debt-to-EBITDA ratio is just above 2 times.

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