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Moody's could cut Rain CII Carbon
Moody's Investors Service said it placed the B1 corporate family and probability of default ratings of Rain CII Carbon LLC on review for downgrade.
The $400 million B1 rated senior secured notes were also placed on review for downgrade.
Moody's said the review for downgrade results from the announcement that Rain CII will acquire Rutgers NV for €702 or roughly $915 million.
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