New York, July 09, 2014 -- Moody's Investors Service ("Moody's") announced that it has withdrawn the ratings for Pinafore Holdings B.V.'s (Pinafore) and the previously rated debt at its subsidiary, Gates Investments, LLC, following the announcement by Onex Corporation and its affiliates (the "Onex Group") and Canada Pension Plan Investment Board ("CPPIB") that they have completed the sale of Gates Corporation (the principal remaining business of Pinafore), to private equity funds affiliated with Blackstone for $5.4 billion. This action concludes the review for downgrade initiated on April 10, 2014.

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