Moody's assigns Ba1 to Ashland

Moody's Investors Service said it assigned a Ba1 corporate family rating, a Ba1-PD probability of default rating and a stable outlook to Ashland Inc. following the simultaneous mergers of Ashland LLC with Ashland Chemco Inc., which then merged with Ashland Global Holdings Inc., and subsequently changed its legal name to Ashland Inc.

The agency also assigned an SGL-1 speculative grade liquidity rating to Ashland Inc. Ashland Inc. is the obligor of the senior unsecured notes due 2031 and 2043, which will remain at the Ba1 rating. Additionally, the Ba1 rating of the senior unsecured euro notes due 2028 at Ashland Services BV and the B1 rating for Hercules Inc.'s junior subordinated debentures due 2029 remain unchanged.

The outlook for Ashland Inc. and all its subsidiaries is stable.

Moody’s withdrew the CFR, PDR, SGL and outlook for Ashland LLC.

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