Moody's: RBS Global loan Ba3

Moody's Investors Service said it assigned a Ba3 rating to RBS Global, Inc.'s new $1.1 billion senior secured facility.

Concurrently, the company's corporate family rating and probability of default rating were affirmed at B3 as credit metrics remain largely unchanged as a result of the transaction.

The company's speculative grade liquidity rating was affirmed at SGL-2.

The outlook is stable.

Moody's said the new senior secured credit facility is comprised of a $180 million first-lien senior secured revolving credit facility due March 2017 and a $950 million first-lien term loan facility due April 2018.

The ratings reflect the facility's first-lien status and support provided by the more junior facilities in the capital structure, the agency said.

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