Moody's lowers Hexion's CFR to Caa2; rates new first lien notes Caa1
New York, January 20, 2017-- Moody's Investors Service lowered the Corporate Family Rating of Hexion Inc. to Caa2 and assigned a Caa1 rating to $460 million guaranteed senior secured first lien notes due December 2022 to be issued by Hexion 2 U.S. Finance Corp., a wholly owned unrestricted subsidiary of Hexion. Additionally, Moody's lowered the ratings on Hexion's first lien debt to Caa1 from B3; secured notes due 2018 to Caa3 from Caa2; second lien notes to Ca from Caa3; and unsecured...
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.