Fitch affirms RPM

Fitch Ratings said it affirmed RPM International Inc.'s long-term issuer default rating at BBB-, senior unsecured bank credit facility at BBB- and senior unsecured notes at BBB-.

The outlook is stable.

The ratings reflect its manageable leverage, the stability of its earnings and cash flow and the company's ability to consistently generate free cash flow, Fitch said.

Offsetting concerns center on the company's exposure to the still-soft fundamentals of the commercial and residential construction and real estate markets, the agency said.

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