New York, March 28, 2016 -- Moody's Investors Service downgraded its ratings for Jazz Acquisition, Inc ("Wencor"), including the Corporate Family Rating (CFR) to Caa1 from B3 and its Probability of Default Rating to Caa1-PD from B3-PD. Concurrently, the company's senior secured rating was downgraded to B3 from B2 and the second lien term loan rating was downgraded to Caa3 from Caa2. The rating outlook is stable.

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