Fitch rates Rohm & Haas notes BBB+

Fitch Ratings said it assigned a BBB+ rating to Rohm & Haas Co.'s $250 million 5.65% senior unsecured notes due 2013 and $850 million 6% senior unsecured notes due 2017.

Fitch also affirmed the issuer default rating at BBB+, senior unsecured credit facility at BBB+, senior unsecured notes and debentures at BBB+, and commercial paper at F2.

The outlook remains negative.

Fitch said the ratings reflect the company's more aggressive capital structure and plans to fund $1 billion of share repurchases with the new debt.

Credit strengths include strong profitability, high and consistent cash flow generation from operations, diverse portfolio of specialty chemicals and global reach, according to the agency.

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