London, 14 April 2016 -- Moody's Investors Service ("Moody's") has today assigned a corporate family rating (CFR) of Ba3 and a Ba3-PD Probability of Default rating (PDR) to Taghleef Industries Topco Limited ("Taghleef"). Concurrently, Moody's has also assigned Ba3 instrument ratings to the new senior secured US$325 million equivalent term loan and US$80 million equivalent revolving credit facility, borrowed at Taghleef B.V. and other subsidiaries. The outlook is stable. This is the first time Moody's has assigned a rating to Taghleef.
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