New York, January 15, 2016 -- Moody's Investors Service has today affirmed the Ba2 corporate family rating (CFR) and Ba2-PD probability of default rating (PDR) of W. R. Grace & Co.--Conn. (Grace), the main operating subsidiary of W.R. Grace & Co (unrated). Moody's also affirmed (1) the Ba1 rating assigned to Grace's first-lien senior secured credit agreement rating; (2) the Ba3 rating assigned to Grace's senior unsecured notes due in 2021 and 2024; and (3) the SGL-2 speculative grade liquidity rating, meaning Grace's liquidity position for the next 12-18 months is good. The outlook on the ratings remain stable.

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