Moody's upgrades Kronos

Moody's Investors Service said it raised Kronos International, Inc.'s corporate family rating to Ba3 from B1 and upgraded the rating on its senior secured notes due 2013 one notch to B1.

The outlook is stable.

Moody's said the upgrade reflects the ongoing delevering at Kronos as well as the improved market conditions for TiO2, which should allow the company to maintain extremely strong financial metrics over the next two to three years.

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