Moody’s moves Ineos Styrolution ratings

Moody's Investors Service said it assigned a B1 corporate family rating, B1-PD probability of default rating and positive outlook to Ineos Styrolution Holding Ltd. and withdrew the B1 corporate family rating, B1-PD probability of default rating and stable outlook at Ineos Styrolution Holding GmbH.

Concurrently, the agency affirmed the B1 ratings on the roughly €1 billion equivalent outstanding term loan B due in 2021 at Ineos Styrolution Group GmbH and Ineos Styrolution US Holding LLC.

The outlook on Ineos Styrolution Group GmbH was revised to positive from stable.

Moody's moved the corporate family rating and probability of default rating to Ineos Styrolution Holding Ltd. as the company reorganized and now reports financials there, rather than at Ineos Styrolution Holding GmbH. The top company of the group that guarantees the rated debt also moved to Ineos Styrolution Holding Ltd.

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