Moody’s might lift Univar

Moody's Investors Service said it placed all long-term ratings for Univar Inc. on review for upgrade, including the B2 corporate family rating, B2-PD probability of default rating, the B2 ratings on its senior secured first-lien term loans and the Caa1 rating on its senior unsecured notes.

Moody’s said the review was prompted by a series of credit positive events, including meaningful improvement in retained cash flow generation since the company's initial public offering in June 2015, improved financial performance in the first quarter of 2017, and a reduction in ownership by the company's former private equity sponsors.

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