Bridge Finco LLC -- Moody's lowers Bridon's ratings to Caa1; outlook negative

Frankfurt am Main, September 23, 2015 -- Moody's Investors Service ("Moody's") has today lowered the Corporate Family Rating (CFR) and Probability of Default Rating (PDR) of Bridge HoldCo 4 Ltd, the ultimate holding company for the Bridon Group (Bridon) to Caa1 and Caa1-PD, from B3 and B3-PD respectively. Moody's has also lowered to B3, from B2, the ratings on the USD286 million senior secured first lien term loan and the USD40 million senior secured revolving credit facility and to Caa3, from Caa2, the rating on the USD111 million senior secured second lien term loan of Bridge Finco LLC. The outlook on all ratings is negative.

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