Fitch affirms Kirby

Fitch Ratings said it affirmed the ratings of Kirby Corp., including the issuer default rating at BBB, the senior unsecured rating at BBB and the unsecured credit facility rating at BBB.

Fitch's ratings apply to $200 million in senior unsecured notes and a $250 million senior unsecured revolving credit facility. The outlook is stable.

Kirby's ratings reflect the company's continued financial flexibility, strong liquidity and positive free cash flow despite materially weakened industry conditions over the past year, the agency said.

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