Fitch Affirms Sherwin-Williams' IDR at 'A'; Outlook Stable
Fitch Ratings has affirmed its ratings for The Sherwin-Williams Company (NYSE: SHW), including the company's Issuer Default Rating at 'A'. The Rating Outlook is Stable. A complete list of ratings follows at the end of this release.
The rating and Outlook for SHW 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, SHW's focus on painting contractors and property maintenance managers, solid free cash flow generation and strong management team. Risk factors include lead-based paint litigation cases involving SHW, the cyclicality of the company's end markets, volatile raw material costs and SHW's relatively aggressive growth strategy.
