New York, August 01, 2014 -- Moody's Investors Service has today said that it views as credit positive RPM International Inc. (RPM, Baa3 stable) announcement that it reached an agreement in principal to settle all present and future asbestos personal injury claims related to its subsidiary Bondex International, Inc. (unrated). The agreement calls for RPM to fund the trust with $450 million in cash when the agreement becomes effective, and then with $347.5 million in cash, RPM stock or a combination thereof, over the subsequent three years. The agreement is subject to approval from claimants themselves, and the US Bankruptcy and District Courts. RPM expects the agreement to be ratified by all parties involved by the end of May 2015.

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