TTM Technologies, Inc. -- Moody's assigns B2 CFR to TTM Technologies; Outlook is Stable

New York, January 14, 2015 -- Moody's Investors Service assigned a B2 corporate family rating (CFR) and a B2-PD probability of default rating to TTM Technologies, Inc. (TTM) Moody's also assigned a Ba2, LGD1 rating to the company's $150 million US asset-backed revolver and a B1, LGD3 rating to the company's $765 million senior secured tem loan. The term loan, in conjunction with additional junior debt will be used to fund the roughly $900 million acquisition of Viasystems, Inc. and refinance TTM's existing debt. Moody's also assigned a SGL rating of SLG-2 indicating good liquidity. The outlook is stable.

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