Fitch affirms Sherwin-Williams

Fitch Ratings said it affirmed the Sherwin-Williams Co.'s issuer default rating, senior unsecured debt rating and revolving bank credit facility at A and its commercial paper and short-term issuer default rating at F1.

The outlook is stable.

The agency said the ratings for Sherwin-Williams are based on the company's leading market position in the architectural coatings industry, the company's unique distribution platform, the breadth and depth of its product offerings, the company's focus on painting contractors and property maintenance managers, its solid free cash flow generation and a strong management team.

Risk factors include lead pigment and lead-based paint litigation cases against Sherwin-Williams, the effects of the sluggish housing market on the company's architectural paint segment and the company's relatively aggressive growth strategy, Fitch said.

© 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.