Moody's affirms Reynolds, gives loan B1, notes Caa1

Moody's Investors Service said it affirmed the corporate family rating of Reynolds Group Holdings Ltd.

The outlook remains stable.

The proposed senior secured incremental term loan and senior unsecured notes have been assigned a provisional B1 and provisional Caa1 rating, respectively, Moody's said.

The ratings on the group's existing indebtedness are expected to remain unchanged, but LGD-rates could change once the proposed senior secured incremental term loan and senior unsecured notes are in place, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.