Moody’s rates Ineos loans Ba3

Moody's Investors Service said it assigned a Ba3 rating to Ineos Quattro Holdings UK Ltd.'s planned €850 million backed senior secured term loan B facility and a Ba3 rating to Ineos US Petrochem LLC’s proposed $1.25 billion backed senior secured term loan B facility, both due 2029.

The other ratings of Ineos Quattro Holdings Ltd. remain unchanged, including its Ba3 corporate family rating, its Ba3-PD probability of default rating, along with the Ba3 ratings of its backed senior secured bank credit facilities issued by Ineos Quattro Holdings UK and Ineos US Petrochem, Ba3 backed senior secured notes issued by Ineos Quattro Finance 2 plc, Ba3 senior secured notes and the Ba3 senior secured bank credit facility issued by Ineos Styrolution Group GmbH, and the Ba3 senior secured bank credit facility issued by Ineos Styrolution US Holding LLC. The B2 rating of the backed senior unsecured notes issued by Ineos Quattro Finance 1 plc is also unaffected.

The negative outlook for all entities remains unchanged.

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