Moody's rates Rain's proposed new notes B1, outlook stable
New York, March 03, 2017-- Moody's Investors Service, today assigned first-time ratings to Rain Carbon Inc., including a Corporate Family Rating of B1 and Probability of Default Rating of B1-PD. Moody's also assigned a B1 rating to the company's proposed senior unsecured notes due 2025, the proceeds of which will be used to repay the existing senior secured notes of Rain CII Carbon LLC, which is an indirect wholly owned subsidiary of Rain Carbon Inc. The outlook is stable.
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