New York, August 21, 2013 -- Moody's says the recent announcement by Ares Management and Ontario Teachers' Pension Plan that they have agreed to purchase CPG International Inc. ("CPG"), from AEA Investors is potentially credit negative, but does not immediately impact the company's B2 Corporate Family Rating ("CFR") or stable rating outlook because the structure of the transaction, including terms and conditions of any related financing, has not been announced. Our view is based on terms disclosed by Ares Management and Ontario Teachers' Pension Plan in their public announcement.
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