Moody's rates Interplex Ba3

Moody's Investors Service said it assigned a first-time Ba3 corporate family rating to Interplex Holdings Pte. Ltd.

The agency also said it assigned a provisional Ba3 rating to the company's proposed multicurrency medium-term note program.

The notes issued under the proposed medium-term notes program will be unconditionally and irrevocably guaranteed by Interplex's major operating subsidiaries, Moody's said.

The outlook is stable.

The proceeds will be used for the refinancing of the company's existing acquisition debt facility, Moody's said.

The ratings reflect Interplex's solid market position in the design and manufacture of customized interconnect solutions, sensors and other precision products, as well as its balanced credit profile, the agency said.

The ratings also are supported by the company's long-term customer relationships, well-diversified geographical footprint and end-market exposures, Moody's said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.