Moody’s assigns iQor US, DIP Ba2

Moody’s Investors Service said it assigned a Ba2 rating to iQor US, Inc. senior secured super-priority debtor-in-possession term loan.

The proceeds and an unrated DIP asset-based lending revolver will be used to finance the company’s operations as it seeks to complete its court-sanctioned auction process under Chapter 11.

Moody’s said it assigned the rating on a point-in-time basis and will not monitor the loan from now on.

Moody’s withdrew all its other iQor ratings after the company filed bankruptcy last month.

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