New York, September 08, 2014 -- Moody's Investors Service assigned a Ba2 rating to Euro 300 million of senior unsecured notes due 2019 to be issued by Celanese US Holdings LLC (CUSH), a wholly-owned subsidiary of Celanese Corporation. Moody's also assigned Baa3 ratings to CUSH's proposed extension of its revolver and term loan. Celanese will be increasing the size of their revolver to $900 million from $600 million as part of this amendment. Proceeds from the notes and balance sheet cash will be used to repay its high cost 6.625% notes due 2018 ($600 million principal) that become callable in October 2014. Moody's also changed the Loss Given Default Assessments on Celanese's existing unsecured debt as it will comprise a smaller proportion of the debt structure.

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