New York, August 02, 2016 -- Moody's Investors Service ("Moody's") affirmed OMNOVA Solutions Inc.'s ("OMNOVA") B1 Corporate Family Rating ("CFR") and assigned a B1 rating to a proposed $350 million senior secured term loan. Proceeds from the new debt will be used to refinance the existing unsecured notes and secured term loan. Moody's also assigned a Speculative Grade Liquidity Rating of SGL-2. The rating outlook is stable.
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