New York, March 21, 2014 -- Moody's Investors Service has today downgraded to B1 from Ba3 the corporate family rating (CFR) and to B1-PD from Ba3-PD the probability of default rating (PDR) of Avantor Performance Materials Holdings S.A. (Avantor). In addition, Moody's has downgraded to B1 from Ba3 the rating on the outstanding $220 million first lien, senior secured credit facility, issued by Avantor's subsidiary Avantor Performance Materials Holdings, Inc. The outlook on all ratings remains negative.
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