Moody's: Road Infrastructure B1, loans Ba3, B3

Moody's Investor Service said it assigned a B1 corporate family rating to Road Infrastructure Investment, LLC.

The outlook is stable.

In addition, Moody's said it assigned Ba3 ratings to the operating company's $50 million revolver due 2017 and its $240 million first lien term loan due 2018, as well as a B3 rating to its $115 million second lien term loan due 2018.

The agency said the B1 corporate family rating reflects Road Infrastructure's elevated leverage, with expected debt to EBITDA of approximately 5.8x pro forma for 2011, which weakly positions the company in the B1 category.

The ratings are supported by Road Infrastructure's leading positions in the traffic paint and thermoplastic segments which Moody's estimates to be several times larger than that of its closest competitors, the agency said.

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