Moody's Ratings affirms CP Iris Holdco II, Inc.'s (dba IPS Corporation) B3 CFR; downgrades first lien credit facility to B3; outlook stable
Moody's Ratings (Moody's) downgraded CP Iris Holdco II, Inc.'s (dba IPS Corporation) senior secured first lien bank credit facility to B3 from B2 following the proposed $175 million incremental senior secured first lien term loan. Moody's also assigned a B3 rating to the extended senior secured firs...
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