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Moody’s rates Murray DIP loan B2
Moody’s Investors Service said it assigned a B2 rating to the $350 million debtor-in-possession term loan of Murray Energy Corp.
“The rating primarily reflects the collateral coverage available to lenders and the structural features of the DIP term loan. The rating on the DIP term loan is being assigned on a ‘point-in-time’ basis and will not be monitored going forward and, therefore, no outlook is assigned to the rating,” Moody’s said in a press release.
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