Fitch gives BB to CBC, notes

Fitch Ratings said it assigned an initial long-term foreign currency issuer default rating and long-term local currency issuer default rating of BB to CBC AMMO LLC and the senior unsecured notes issued by CBC AMMO and CBC FInCo Inc. due in 2021.

The outlook is stable.

Fitch said the ratings reflect CBC's steady profitability as a global manufacturer of small-caliber ammunition with a presence in Europe, Latin America, and the United States.

The ratings also factor in CBC's solid capital structure and strong credit metrics.

CBC's ratings are constrained by its modest scale and product concentration, the agency noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.