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Moody's affirms Appleton
Moody's Investors Service said it took Appleton Papers Inc. off review and confirmed the company's B2 corporate family rating, B2 probability of default rating, B1 senior secured, B3 senior second-lien and Caa1 senior subordinate ratings.
Moody's said the actions follow the announcement that Appleton and Hicks Acquisition Co. II Inc. agreed to terminate their proposed $675 million business combination.
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