Moody's eyes W.R. Grace & Co.-Conn. for trim

Moody's Investors Service said it placed W.R. Grace & Co.-Conn.'s ratings, including its Ba2 first-lien senior secured credit facility and B1 senior unsecured notes ratings on review for downgrade. The outlook has been changed to under review from stable.

The review follows the announcement that Standard Industries Holdings Inc. will acquire W.R. Grace & Co. in an all-cash transaction valued at about $7 billion, the agency said.

"The review for downgrade follows the announced acquisition by Standard Industries Inc. which is expected to add additional debt and further weaken credit metrics," said Domenick R. Fumai, a Moody's vice president and lead analyst for W.R. Grace & Co.-Conn., in a press release.

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