Fitch Plans to Withdraw Ratings of Kirby Corporation
OREANDA-NEWS. Fitch Ratings plans to withdraw the ratings on Kirby Corporation on or about July 8, 2016, which is approximately 30 days from the date of this NRAC, for commercial reasons.
Fitch currently rates Kirby Corporation as follows:
-- Issuer Default Rating at 'BBB'; Outlook Stable;
-- Senior unsecured revolving credit facility at 'BBB';
-- Senior unsecured notes at 'BBB'.
Fitch reserves the right at its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market of the rating withdrawal of Kirby Corporation. Ratings are subject to analytical review and may change up to the time Fitch withdraws the ratings.
Fitch's last rating action for the above referenced entity was on April 19, 2016. The ratings were affirmed at 'BBB' with a Stable Outlook.
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