Fitch assigns Atkore BB

Fitch Ratings said it assigned Atkore Inc. and Atkore International, Inc. first-time issuer default ratings of BB. Fitch also gave BBB-/RR1 ratings to the company's first-lien asset-based lending revolver and BB+/RR2 ratings to the first-lien term loan.

“The IDRs take into account Atkore's leading market position in electrical raceway products in the U.S., moderate financial leverage and healthy cash flow generation. These factors are offset by Atkore's relatively narrow product line, the low technology and commoditized nature of its products, its significant exposure to the cyclical U.S. commercial construction market and commodity cost exposure,” Fitch said in a press release.

The outlook is stable.

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