ABB/CON-CISE Optical Group LLC -- ABB/Concise's B3 CFR affirmed; existing senior secured credit facilities downgraded to B3; outlook is stable

New York, October 08, 2015 -- Moody's Investors Service affirmed the B3 Corporate Family Rating of ABB/CON-CISE Optical Group LLC ("ABB Concise") following the announced cancellation of the company's contemplated dividend recapitalization. Moody's also downgraded the rating on ABB Concise's existing credit facilities to B3 from B2. Finally, Moody's withdrew the ratings on the company's proposed first lien senior secured credit facilities, including a $100 million senior secured revolver and a $400 million senior secured term loan B, as well as a $150 million 2nd lien senior secured term loan, which were to be used to complete the planned recapitalization. The rating outlook is stable.

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