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Published on 8/5/2011 in the Prospect News Investment Grade Daily.

Moody's: Hillenbrand unaffected

Moody's Investors Service said Hillenbrand, Inc.'s Baa3 senior unsecured rating is not affected by the company's announcement today that it is acquiring Rotex Global, LLC (unrated) for $240 million in cash, a multiple of about 10 times trailing EBITDA.


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