S&P rates Milacron loan B

Standard & Poor's said that it assigned a B corporate credit rating to Milacron Holdings Inc. and a B issue-level rating to Milacron LLC's $140 million senior secured term loan due 2017. The recovery rating on this debt is 3, indicating the expectation of an average recovery (50%-70%) in a default scenario.

The outlook is stable.

The ratings on Milacron reflect the highly competitive and cyclical nature of the plastics-processing machinery industry in which it operates, as well as the company's weak, though recently improved, margin profile, the agency said.

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