22.07.2014 21:02:00
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Element Materials Tech Grp Hld CC1 Ltd -- Moody's assigns B2 CFR to Element Materials; outlook stable
London, 22 July 2014 -- Moody's Investors Service has today assigned a B2 corporate family rating (CFR) and B2-PD probability of default rating (PDR) to Element Materials Technology Group Holding CC1 Limited (Element Materials). Concurrently, Moody's has assigned a provisional (P)B2 rating to the USD285 million Term Loan B Facility due 2021 and USD40 million Revolving Credit Facility (RCF) due 2019 raised by Element Materials Technology Group US Holding Inc and Element Materials Technology UK Holding Ltd., both subsidiaries of Element Materials. The outlook on all ratings is stable.