Moody's says Ineos notes, loan B1

Moody's Investors Service said it changed the outlook on all of Ineos' ratings to positive from stable.

Concurrently, the rating agency assigned a provisional B1 rating to the new senior secured notes maturing in 2020 and to the new cov-lite term loan B.

Moody's said it expects that the refinancing will allow Ineos to achieve a much higher degree of financial flexibility and further improve its debt maturity profile.

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