Moody's rates Reynolds Group loans, notes B1

Moody's Investors Service said it assigned a B2 corporate family rating to Reynolds Group Holdings Ltd. with a stable outlook and withdrew the B2 corporate family rating of Beverage Packaging (Lux) I SA.

The agency also assigned B1 ratings (LGD3, 36%) to the company's senior secured bank credit facility and to Reynolds Group Issuer Inc.'s senior secured bond/debenture.

The B2 corporate family rating reflects the completion of the acquisition of Closure Systems International and Reynolds Consumer Packaging, the agency said.

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