Moody's could lift Milacron

Moody's Investors Service said it placed the B2 corporate family and probability of default ratings of Milacron Holdings, Inc. and the B1 senior secured term loan rating of Milacron LLC under review for possible upgrade.

In February, Milacron increased the size of its first-lien term loan by $60 million to take the total to $196.5 million.

Moody's said the review will focus on the prospects for improving operating fundamentals and the extent to which they are offset by higher debt levels and financial strategies that may keep financial leverage at elevated levels. The review will also assess changes in the expected recovery rate of the term loan.

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