Moody's rates Travelport loans Caa2

Moody's Investors Service said it assigned a Caa2 rating to the proposed $630 million second-lien term loan tranche 1 to be issued by Travelport LLC as part of its comprehensive debt restructuring.

Moody's also said it assigned a Caa2 rating to Travelport's $225 million of second-lien debt tranche 2, along with a Caa2 rating to its new senior unsecured notes due March 1, 2016 and a Caa3 rating to the $25 million tap issuance under the group's subordinated notes.

The agency also affirmed Travelport's Caa1 corporate family rating and Caa1-PD probability of default rating.

The outlook is negative.

The ratings reflect the company's revised capital structure, Moody's said.

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