New York, December 10, 2013 -- Moody's Investors Service ("Moody's) today downgraded Darling International Inc.'s ("Darling") Corporate Family Rating ("CFR") to Ba2, citing weakened credit metrics and the execution risks associated with its planned acquisition of Netherlands-based Vion Ingredients, Inc. ("Ingredients"). Concurrently Moody's assigned a Ba2 rating to Darling's proposed $1.2 billion senior secured term loan B and assigned a B1 rating to the proposed $500 million senior unsecured notes. The outlook is stable.
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