Fitch rates Sherwin-Williams notes A

Fitch Ratings said it assigned an A rating to Sherwin-Williams Co.'s proposed offering of $500 million principal amount of senior notes due 2017 and $250 million principal amount of senior notes due 2042.

According to Fitch, proceeds from these notes issuances will be used to fund the recently announced acquisition of Consorcio Comex, SA de CV for $2.34 billion, including assumed debt, in an all-cash transaction.

Sherwin-Williams' ratings remain on rating watch negative, where they were placed on Nov. 13, following the announcement of the acquisition.

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