New York, August 18, 2015 -- Moody's says that the announcement by NN, Inc. (NN) that it has reached a definitive agreement to acquire Precision Engineered Products Holdings, Inc. is viewed as a negative credit development for NN but does not currently impact its B2 Corporate Family Rating (CFR) nor stable rating outlook. For further information, please see the issuer comment dated August 18, 2015 at www.moodys.com.

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