Moody's rates S&B Minerals notes B3

Moody's Investors Service said it assigned a definitive B3 corporate family rating to S&B Minerals Finance SCA.

Concurrently, Moody's the agency assigned a B2-PD probability of default rating to the company, and a definitive B3 rating to the €275 million senior secured notes maturing in 2020 issued by the company and S&B Industrial Minerals North America, Inc. as co-issuers.

The outlook remains stable.

The final terms of the notes are in line with the drafts previously reviewed to assign the provisional ratings.

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