Moody's changes Orion view to stable, rates loan Ba2

Moody's Investors Service said it changed the outlook on Orion Engineered Carbons SA's ratings to stable from negative.

Concurrently, Moody's affirmed Orion's Ba2 corporate family rating and Ba2-PD probability of default rating as well as the rating on the existing guaranteed senior secured term loans due 2024 and on the guaranteed senior secured revolving credit facility, both borrowed by Orion Engineered Carbons GmbH.

Moody's also assigned a Ba2 rating to proposed guaranteed senior secured term loans due 2028, which will refinance the existing guaranteed senior secured term loans due 2024.

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