Moody’s lifts Univar, loan, notes

Moody's Investors Service said it upgraded Univar Inc.'s corporate family rating and senior secured term loan B ratings to B1 from B2 and senior unsecured notes to B3 from Caa1.

The outlook is stable. This concludes the review initiated on June 30.

Moody’s said the upgrades reflects positive operating and credit trends, as well as certain events, including meaningful improvement in EBITDA margins and retained cash flow generation since the company's initial public offering in June 2015, improved financial performance in the first half of 2017, and a reduction in ownership by the company's former private equity sponsors.

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