Moody’s rates Patriot Rail loan B2

Moody’s Investors Service said it assigned a B2 rating to a planned $40 million revolving credit facility and a $285 million term loan in connection with the acquisition of NA Rail Hold Co., doing business as Patriot Rail & Ports, by an infrastructure fund managed by First State Investments.

Moody’s also assigned a B2 corporate family and B2-PD probability of default ratings to the company.

The rating outlook is stable.

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