Moody's rates Ideal Standard, notes Caa1

Moody's Investors Service said it assigned definitive Caa1 corporate family and probability of default ratings to Ideal Standard International SA, along with a Caa1 (LGD 3) rating to its €275 million senior secured notes due 2018.

The definitive ratings are in line with the provisional ratings assigned in April, Moody's said.

The definitive ratings follow the completion of the refinancing transaction and the receipt of final documentation, the agency said.

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