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Fitch Maintains Rating on Kingspan After BMC Manufacturing Purchase

MT Newswires·09/11/2026 03:37:50
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03:37 AM EDT, 09/11/2026 (MT Newswires) -- Fitch affirmed the BBB long-term issuer default rating of Kingspan Group (KRX.IR), with a stable outlook, following the company's acquisition of BMC Manufacturing Group. The rating agency said Thursday that Kingspan's purchase of the power management systems business is expected to be broadly credit neutral for the Irish building materials company. Fitch added that the stable outlook represents the resiliency of Kingspan's trading and expectations for lower EBITDA net leverage by the end of 2027.