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2 months ago
BRIEF-Fitch says Akzo rating to remain under pressure after PPG withdrawal
June 5, 2017 / 8:31 AM / 2 months ago

BRIEF-Fitch says Akzo rating to remain under pressure after PPG withdrawal

June 5 (Reuters) - Fitch:

* Fitch: Akzo rating to remain under pressure after PPG withdrawal

* Fitch - PPG Industries' withdrawal from its pursuit of Akzo Nobel does not affect rating watch negative (rwn) on Akzo's 'BBB+' IDR

* Fitch - do not expect to resolve rating watch negative until there is more clarity on plans and impact on Akzo's existing capital structure

* Fitch - Akzo to be under pressure from shareholders to see through strategic plan of separating specialty chemicals business, which will be credit negative Source text for Eikon: Further company coverage:

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