New York, February 12, 2015 -- Moody's Investor Service today downgraded the Corporate Family Rating (CFR) of Alliance One International, Inc. (AOI) to Caa1 from B3. Moody's also downgraded the Probability of Default Rating to Caa1-PD from B3-PD, the senior secured bank credit facility rating to B1 from Ba3, and the senior secured second lien note rating to Caa2 from Caa1. At the same time, Moody's changed the company's Speculative Grade Liquidity Rating to SGL-4 from SGL-3. The outlook is negative.
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