Moody's assigns definitive B2 and Caa2 instrument ratings to Clondalkin's term loans (Moody's Corporation)

(Source: Moody's Corporation) Frankfurt am Main, July 02, 2013 -- Moody's today assigned a definitive B2 (LGD 3, 41%) rating to Clondalkin Acquisition B.V.'s USD360 million first lien term loan and a Caa2 (LGD 6, 91%) rating to its USD95 million second lien term loan. The positive outlook and the B3 corporate family rating (CFR) of Clondalkin Industries B.V. remain unchanged. RATINGS RATIONALE Moody's definitive ratings are in line with the provisional ratings assigned on 8 May 2013. Clondalkin's B3 CFR reflects its solid business profile, especially its diversified product portfolio with an increasing focus on higher margin specialty products. While recent disposals have...