Cintas Corporation No. 2 -- Moody's places Cintas's A2 and Prime-1 ratings under review for downgrade

New York, August 16, 2016 -- Moody's Investors Service ("Moody's") placed Cintas Corporation No. 2's (together with indirect parent and publicly traded Cintas Corporation, "Cintas") A2 long term senior unsecured rating and Prime-1 short term commercial paper rating under review for downgrade following Cintas's announcement that it would acquire G&K Services, Inc. ("G&K") for about $2.2 billion. Cintas plans to finance the transaction with new and assumed debt. Both boards have approved the transaction, and, pending G&K shareholder and regulatory approvals, the transaction is expected to close in late 2016 or early 2017.

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