Fitch affirms Waste Management

Fitch Ratings said it affirmed the issuer default rating of Waste Management, Inc. at BBB, senior unsecured credit facility rating at BBB and senior unsecured debt rating at BBB.

The outlook is stable.

The ratings are supported by the company's strong free cash flow, the predictable nature of the industry and the company's position as the largest integrated waste services company in the United States, Fitch said.

The company continues to maintain good financial flexibility with adequate cash and revolver availability and a manageable debt maturity schedule, the agency said.

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