Moody's gives Taminco Global loans B1, notes Caa1

Moody's Investors Service said it assigned definitive ratings to Taminco Global Chemicals Corp., including a B2 corporate family rating, B2-PD probability of default rating, B1 ratings on the first-priority senior secured credit facilities and a Caa1 rating on the second-priority senior secured notes.

The agency also assigned an SGL-2 speculative grade liquidity rating.

The outlook is stable.

These actions follows the receipt of additional information to reconcile the financial position of Taminco Global, the borrower for both the term loan and notes, with Taminco Corp., the parent entity to which Moody's had previously assigned provisional ratings and which will file audited financial statements.

In addition, Taminco Corp. has repaid in full its PIK notes.

There are no remaining provisional ratings in the family.

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