Fitch affirms Kronos

Fitch Ratings said it has withdrawn the CCC/RR4 rating on Valhi, Inc.'s $85 million senior secured revolving credit facility at the company's request given that the company has terminated the facility.

Fitch added that it did not rate any other debt issued by Valhi and therefore withdraws the issuer default rating of CCC.

According to the agency, Valhi is a holding company with direct and indirect ownership stakes in NL Industries, Inc., Kronos Worldwide, Inc., CompX International, Inc. and Waste Control Specialists.

Fitch said it affirms the ratings of Kronos International Inc. as follows: issuer default rating at CCC; €80 million senior secured revolving credit facility due May 26, 2011 at B+/RR1; and €400 million senior secured notes due April 15, 2013 at CCC/RR4.

The outlook is negative.

The negative outlook reflects Fitch's view that trading conditions could deteriorate.

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