New York, January 09, 2014 -- Moody's Investors Service has assigned definitive ratings to Taminco Global Chemicals Corporation ("TGCC"), including a B2 Corporate Family Rating ("CFR"), B2-PD Probability of Default Rating, B1 ratings on the first priority senior secured credit facilities, and a Caa1 rating on the second priority senior secured notes. Moody's also assigned an SGL-2 Speculative Grade Liquidity Rating. The rating outlook is stable. These actions follows the receipt of additional information to reconcile the financial position of TGCC, the borrower for both the term loan and notes, with Taminco Corporation ("TC"), the parent entity to which Moody's had previously assigned provisional ratings and which will file audited financial statements. In addition, TC has repaid in full its PIK notes. There are no remaining provisional ratings in the family.
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