Moody’s changes Roehm view

Moody's Investors Service said it affirmed Roehm Holding GmbH's B3 corporate family rating and B3-PD probability of default rating.

Moody's affirmed the B3 ratings for the senior secured dollar and euro term loans B and the senior secured multi-currency revolving credit facility.

The outlook was changed to negative from stable.

The agency said the negative outlook reflects Moody's expectation that softer end market demand will result in deteriorating credit metrics over the next 12 to 18 months.

Also, the negative outlook highlights increased risks of production cuts at Roehm's or its customers' production sites as a result of sustained high energy costs or potential energy supply disruptions, Moody’s said.

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