However, he said the
MCK complaints commission and a new disciplinary committee that is set to be established will be empowered to deal with rogue journalists.
At the company s Kipoi copper project situated in the Democratic Republic of Congo for the past 3 years,
MCK Trucks has been a mining contractor.
An
MCK press release indicates the current resource is capable of sustaining fertilizer production for 25 years, but provides no information on the size of the deposit still under exploration.
Fitch does not expect
MCK to engage in M&A activity outside the company's core businesses; but a move into a non-adjacent product space or geography could also threaten the current 'A-' ratings.
Blier says active exploration work has been ongoing by
MCK for the last two years, though the community has received little word on the status of exploration.
7 billion of new notes to refinance debt previously held at US Oncology,
MCK has operated with debt-to-EBITDA at or outside of Fitch's stated leverage range.
Fitch expects
MCK will exercise discipline with acquisitions, share repurchases and dividends, resulting in leverage of 0.
IN FACT, THE FORM OF THE INTERIM AGREEMENT HAS BEEN FORWARDED TO
MCK, BUT IT HAS NOT YET BEEN EXECUTED BY
MCK.
While
MCK has flexibility within the 'BBB+' ratings category, Fitch will monitor leverage given the company's acquisitive posture and propensity for share repurchases during the past three years.
MCK continues to exercise discipline with acquisitions, focusing on targets that operate within areas of the company's core competencies.
Integration risk is present, although
MCK has demonstrated an ability to integrate and grow the businesses it acquires in the technology segment.
MCK also expects to invest immediately in the future growth of the business being acquired.
