Moody’s gives Ba1 to Invista

Moody's Investors Service said it assigned a Ba1 corporate family rating to Invista Equities, LLC as it will become successor consolidated parent for the Koch Industries Inc. (unrated) investment in Invista business.

The agency also affirmed the ratings of Invista BV and Invista Finance LLC.

The corporate restructuring will move the holding companies that control its U.S. assets and foreign subsidiaries from Invista BV (Ba1 stable) to Invista Equities,. Invista Equities, will replace Invista BV as the guarantor for the existing secured notes at Invista Finance.

The outlook is stable.

"The reorganization simplifies Invista’s corporate structure and reduces administration costs, which we view as a modest credit positive," John Rogers, Moody’s senior vice president and lead analyst on Invista, said in a news release.

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