New York, January 29, 2013 -- Moody's Investors Service today assigned a B3 Corporate Family and a B3-PD Probability of Default Rating to Cooke Aquaculture, Inc. ("Cooke") as well as a Caa1 (LGD 5, 73%) rating to its proposed senior unsecured notes. The outlook is stable. This is a first time rating assignment. The proceeds from the proposed notes offering will be used to repay a portion of the company's term loan, all amounts borrowed under the revolving credit facilities, and for general corporate purposes.
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