Moody's rates DS Waters of America loans Caa1

Moody's Investors Service said it assigned a Caa1 to DS Waters of America, Inc.'s proposed $125 million second-lien term loans due 2018. The rating on the first-lien term loans due 2017, reduced from the originally proposed $465 million to $340 million, remains at B1.

Moody's said the ratings reflect the revised proposal for the company's post-recapitalization balance sheet. The post-recapitalization corporate family rating has changed to B2 from B1.

The outlook is stable.

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