Moody's may cut Lucite

Moody's Investors Service said it has placed all ratings of Lucite International Group Holdings Ltd. and its subsidiaries under review for possible downgrade following the group's announcement of a possible refinancing.

Moody's said its review will focus on the debt-level of the group post refinancing and its capital structure; shareholders' plans and business strategy for the group after the refinancing; the group's operating and financial outlook for the medium term; and the relative ranking of any proposed new facilities and securities.

Ratings affected include the Ba3 corporate family rating at Lucite International Group Holdings Ltd. and the B2 rating on senior notes at Lucite International Finance plc.

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