Moody’s gives Ineos notes Ba2, B2

Moody’s Investors Service said it assigned a Ba2 rating to the guaranteed senior secured notes due 2026 being issued by Ineos Quattro Finance 2 plc, a subsidiary of Ineos Quattro Holdings Ltd. The agency further assigned a B2 rating to the guaranteed senior unsecured notes due 2026 being issued by Ineos Quattro Finance 1 plc, a subsidiary of Ineos Quattro.

The guaranteed senior secured notes will rank pari-passu with the Ba2 rated guaranteed senior secured term loans due 2026 and 2027 issued by Ineos 226 Ltd., Ineos US Petrochem LLC, Ineos Styrolution Group GmbH and Ineos Styrolution US Holding LLC, as well as with the guaranteed senior secured notes due 2027 issued by Ineos Styrolution Group. “The notes’ rating is one notch above the corporate family rating for Ineos due to their ranking priority within the capital structure,” Moody’s said in a press release.

The outlook is negative.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.