Arvos Inc. -- Moody's changes outlook on ARVOS's B3 CFR to stable from positive

Frankfurt am Main, December 16, 2015 -- Moody's Investors Service, ("Moody's") has today changed to stable, from positive, the outlook on all the ratings of Alison Midco S.a.r.l. (ARVOS Group), a manufacturer of components and products for the power generation and petrochemical industries. Concurrently, we have affirmed: (1) the B3 corporate family rating (CFR) and B3-PD probability of default rating (PDR) assigned to Alison Midco S.a.r.l. (ARVOS Group), an entity fully owned by Triton funds, and the holding company for the operating subsidiaries; (2) the B2 ratings assigned to the first lien senior secured term loan and the senior secured revolving credit facility (RCF) of Arvos BidCo S.a.r.l.; and (3) the Caa2 ratings assigned to the second lien senior secured term loan of Arvos Inc. The outlooks of Arvos BidCo S.a.r.l. and Arvos Inc. have also been changed to stable from positive.

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