New York, September 12, 2013 -- Moody's Investors Service affirmed the Ba1 Corporate Family Rating of Rockwood Specialties Group, Inc. (Rockwood) and raised the ratings on its $180 million senior secured revolving credit facility to Baa2 from Baa3 and its $1.25 billion senior unsecured notes to Ba1 from Ba2. The upgrade is a result of the repayment of the company's secured term loans with a portion of the proceeds from the divestiture of its CeramTec business. Following the repayment, the ratings on both the Term A and Term B senior secured term loans were withdrawn. Moody's also affirmed Rockwood's Corporate Family Rating (CFR) at Ba1. The outlook is stable as the company is expected to have more cash than debt by the end of 2013. Rockwood's ratings could be raised or lowered depending on any changes to the management's financial priorities or plans to utilize its large cash balance.

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