Fitch affirms Harsco

Fitch Ratings said it affirmed Harsco Corp.'s long-term issuer default rating at BB and its secured revolver and term loan at BB+/RR1.

The outlook is stable.

“The ratings take into account the cyclicality inherent in Harsco's operations, which are tied to the metal, energy and rail equipment end-markets, with particular exposure to steel and mineral markets,” the agency said in a news release.

“The ratings also take into account Harsco's improved financial profile and positive FCF balanced against the company's moderate size and the need for ongoing investment to support growth.”

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