Moody's: Ball Corp. loan at Ba1

Moody's Investors Service said it assigned a Ba1 rating to the proposed $1.4 billion senior credit facilities of Ball Corp.

Moody's also said it affirmed the company's Ba1 corporate family and probability of default ratings. The outlook remains stable.

The new credit facilities will replace the existing credit facilities and include a $1 billion five-year multi-currency revolving credit facility, a $200 million five-year tranche A term loan facility, a £55 million five-year tranche B term loan facility and a €100 million five-year tranche C term loan facility, the agency said.

The affirmation of the rating and outlook reflect the largely credit neutral impact of the transaction, the agency noted.

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