New York, October 20, 2015 -- Moody's Investors Service today upgraded ALG B.V.'s existing $20 million revolving credit facility to B1 and its existing $120 million (originally $140 million) first lien term loans to B1. At the same time, Moody's affirmed ALG's B2 Corporate Family Rating and B2-PD Probability of Default Rating. In light of the cancellation of the proposed transaction, Moody's withdrew the ratings on ALG's proposed $50 million revolving credit facility, $330 million first lien term loan, and $130 million second lien term loan. The rating outlook remains stable.
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