Moody's: CVR, Wynnewood under review for upgrade

Moody's Investors Service said it placed under review for upgrade the ratings of CVR Energy, Inc. and Wynnewood Refining Co. in response to CVR's announcement of a definitive agreement to acquire Gary-Williams Energy Corp., the parent company of Wynnewood.

The ratings under review are CVR's B1 corporate family rating and probability of default rating, the Ba3 rating of CVR's first-lien secured notes, the B3 rating of CVR's second-lien secured notes, Wynnewood's B2 corporate family and probability of default ratings and its B2 term loan.

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