Alison Midco S.a.r.l. -- Moody's assigns B3 CFR, B3-PD PDR to Alison, outlook positive

Frankfurt am Main, May 28, 2014 -- Moody's Investors Service, ("Moody's") has today assigned a B3 Corporate Family Rating ("CFR") and a B3-PD Probability of Default Rating to Alison Midco S.a.r.l. ("Alison" or "the company"), an entity fully owned by Triton funds, and the holding company holding the shares of the air preheater business of Alstom which was recently spun off. Concurrently, Moody's has assigned a provisional (P)B2 rating to EUR310 million of first lien senior secured term loans, a provisional (P)B2 rating to a EUR40 million revolving credit facility and a provisional (P)Caa2 rating to EUR120 million of second lien senior secured loans borrowed by Alison Bidco S.a.r.l., Alison German Holding GmbH and Alison US LLC. The outlook on all ratings is positive. This is the first time that Moody's has rated Alison Midco S.a.r.l..

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