27.05.2015 18:56:00
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FTS International Inc. -- Moody's rates FTS International's new notes B1; downgrades CFR to Caa1
New York, May 27, 2015 -- Moody's Investors Service assigned a B1 rating to FTS International, Inc.'s (FTSI) proposed $350 million senior secured notes due 2020. Moody's also downgraded its Corporate Family Rating (CFR) to Caa1 from B2 and the ratings on FTSI's existing debt to Caa2 from B2. The company's Speculative Grade Liquidity Rating was moved to SGL-2 from SGL-3. This concludes the ratings review started May 1, 2015. The outlook is stable.