Fitch upgrades RPM, debt, revolver to BBB

Fitch Ratings said it upgraded the ratings of RPM International, Inc., including the long-term issuer default rating, senior unsecured debt and unsecured revolving credit facility to BBB from BBB-.

The outlook was revised to stable from positive.

Fitch said the upgrade reflects RPM's improving credit profile and the agency’s expectation that it will maintain (or further improve) its financial and credit metrics. The resolution of the company's asbestos litigation and the elimination of the uncertainty as to RPM's potential lability related to those claims also factored in the upgrade.

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