New York, March 31, 2015 -- Moody's Investors Service assigned a B3 rating to the $315 million senior secured notes due 2020 of Hexion Inc. Proceeds from the proposed notes are expected to be used for general corporate purposes, which would include redeeming $40 million of debentures due 2016. Despite an improvement in liquidity and near term profitability improvement due to lower petrochemical prices, Moody's remains concerned over the potential for a meaningful decline in profitability from its propants business, the expected lack of pricing power in epoxies, the company 's high leverage and elevated capital spending on new capacity. The outlook is negative.

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