CHICAGO-- Fitch Ratings on Friday cut Sherwin-Williams Co.' s ratings to "A-" from "A," citing the additional debt and risk related to its pending acquisition of a Mexican paint company. Fitch originally placed Sherwin-Williams' ratings under review in November after it announced plans to buy Consorcio Comex SA de CV in a deal worth about $2.34 billion, including debt.
AMSTERDAM, Dec 14- Dutch chemicals group AkzoNobel is selling its struggling North American decorative paints arm to U.S. rival PPG Industries for $1.1 billion to focus on its larger European and faster-growing businesses.
*Sale to U.S.-based PPG Industries. AMSTERDAM, Dec 14- Dutch chemicals group AkzoNobel is selling its struggling North American decorative paints arm to U.S. rival PPG Industries for $1.1 billion to focus on its larger European and faster-growing businesses.