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

(RTTNews) - Fitch Ratings said Wednesday that it has affirmed the ratings of Martin Marietta Materials, Inc. (MLM), including the company's Issuer Default Rating at 'BBB-', following the completion of the company's merger agreement with Texas Industries, Inc. (TXI).

The Rating Outlook is Stable.

The rating for Martin Marietta reflects Fitch's view that the merger has good strategic rationale as the combined company creates a market leading supplier of aggregates and heavy building materials with vertically integrated aggregates and targeted cement operations, the rating agency said.

The Stable Outlook reflects Fitch's macro view of the company's various end-markets for 2014.