Moody's rates Wesco loan Ba3

Moody's Investors Service said it confirmed the ratings, including the Ba3 corporate family rating, of Wesco Aircraft Hardware Corp.

The outlook was revised to negative from stable.

Concurrently the agency assigned a Ba3 rating to the company's planned $525 million first-lien term loan, the proceeds of which will be used to help fund the $550 million acquisition of Haas Group Inc., a distributor of chemical supplies to aerospace manufacturers and other end markets.

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