New York, June 01, 2016 -- Moody's Investors Service (Moody's) today upgraded the ratings for North Atlantic Trading Company, Inc. (NATC), a subsidiary of Turning Point Brands, Inc. (TPB) including its Corporate Family Rating (CFR) to B2 from B3 and Probability of Default Rating to B2-PD from B3-PD. Moody's also upgraded the first lien senior secured term loan to B1 from B2 and affirmed the second lien senior secured term loan at Caa1. Lastly, Moody's also assigned a Speculative Grade Liquidity Rating of SGL-3 to NATC. The outlook is stable.
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