Fitch Affirms DCC plc at 'BBB'; Outlook Stable

Fitch Ratings has affirmed DCC plc's Long-Term Issuer Default Rating (IDR) at 'BBB' with a Stable Outlook. The rating reflects DCC's scale, leading market positions, and diversification across its energy, healthcare, and technology segments. The company's prudent financial policy, healthy free cash flow, and M&A-driven growth strategy support its investment-grade profile. However, the rating is balanced by low margins typical of the distribution sector and execution risk in its energy-transition strategy. The Stable Outlook is based on a strong liquidity position and manageable M&A integration risks.