New York, September 21, 2016 -- Moody's Investors Service ("Moody's") today affirmed Darling Ingredients Inc.'s Ba2 Corporate Family Rating and its Ba2-PD probability of default rating, but changed the rating outlook to stable from negative. At the same time, Moody's affirmed the Ba1 senior secured rating on the revolver, term loan A, and term loan B. Moody's also affirmed the Ba3 senior unsecured rating on the notes. The speculative grade liquidity rating was affirmed at SGL-2. The ratings outlook is stable.
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