Fitch Affirms Martin Marietta Materials' IDR At 'BBB-'; Outlook Stable

(RTTNews) - Fitch Ratings said Thursday that it has affirmed Martin Marietta Materials, Inc.'s (MLM) ratings, including the company's Issuer Default Rating at 'BBB-'.

The Rating Outlook is Stable.

Fitch said the ratings for Martin Marietta Materials are based on the relatively substantial demand for construction products prompted by federal and state government funding of transportation projects, the company's leading market position, geographically diverse quarry network, consistent free cash flow generation, and adequate liquidity.

The ratings also take into account the operating leverage of the company and the high level of fixed costs.