Fitch: Martin Marietta to positive

Fitch Ratings said it affirmed the ratings of Martin Marietta Materials, Inc., including the issuer default rating, at BBB-.

The outlook was revised to positive from stable.

Fitch said the positive outlook reflects its view of continued improvement in Martin Marietta's various end markets during 2016. In particular, highway construction is expected to expand in the intermediate term given the passage of the new long-term highway bill in December 2015.

The agency believes that the new long-term highway bill provides greater certainty of funding from the federal government, which allows individual states to plan longer-term projects.

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