Moody’s upgrades Entegris, debt

Moody's Investors Service said it upgraded Entegris Inc.'s ratings: corporate family rating to Ba3 from B1, probability of default rating to Ba3-PD from B1-PD, senior secured rating to Ba1 from Ba3, senior unsecured rating to B1 from B3 and speculative grade liquidity rating to SGL-1 from SGL-2.

The outlook is stable.

Moody’s said the upgrade follows Entegris' repayment of $100 million of senior secured debt during 2015, its commitment to further debt reduction in 2016 and the successful integration of ATMI, Inc.

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