Fitch affirms Valhi

Fitch ratings said it affirmed Valhi, Inc.'s senior secured credit rating at BB- and senior unsecured rating of BB-.

Fitch also said it affirmed Kronos International, Inc.'s (KII) senior secured debt rating of BB and assigned a BB+ to KII's €80 million senior secured credit facility.

The outlook is stable.

Fitch noted Valhi's ratings are supported by its ownership in diverse businesses, specifically its significant ownership of Kronos Worldwide, Inc., and its strong operating margins and market position as a TiO2 producer.

KII's credit ratings incorporate its strong market position in Europe, strong profitability and cash flow, the agency added.

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