New York, May 24, 2016 -- Moody's Investors Service upgraded the senior unsecured ratings of Airgas, Inc. to A3 from Baa2. The issuer and commercial paper ratings are being withdrawn at this time. The upgrades to Airgas' rating reflect its acquisition by Air Liquide S.A. (A3 stable) on May 23, 2016. This concludes the review for upgrade that was begun on November 19, 2015 when it was announced that Air Liquide would acquire Airgas, Inc.

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