Moody’s lifts Albaugh

Moody's Investors Service said it upgraded the corporate family rating of Albaugh, LLC to Ba3 from B1, the probability of default rating to Ba3-PD from B1-PD and senior secured ratings to Ba3 from B1.

The outlook is stable.

“The upgrade reflects sales and earnings growth despite some headwinds from raw material cost increases and trade disruptions,” Anastasija Johnson, senior analyst at Moody's, said in a news release.

“The company's modest leverage and strong retained cash flow generation support a higher rating despite the company's concentration in commodity glyphosate herbicide.”

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