Moody's lifts RLC Industries loans

Moody's Investors Service said it upgraded the ratings of RLC Industries, Co., including the corporate family rating to Ba2 from Ba3, the guaranteed senior secured revolving credit facility to Ba2 from Ba3 and the guaranteed senior secured term loan B to Ba2 from Ba3.

The outlook is stable.

Moody's said RLC has demonstrated sustainable credit metrics, which reflect strong operating performance, strong cash flows and lower debt levels that warrant a one notch upgrade.

At the same time, the ratings reflect the commodity focus of RLC's products, the challenges of producing more value-added products through potential acquisitions, significant competitive pressures from market leaders with substantially greater scale and capital resources and the potential event risk related to the buyout of a minority holder.

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