New York, July 15, 2016 -- Moody's Investors Service ("Moody's") downgraded Carlstar Group LLC's ("Carlstar") Corporate Family Rating (CFR) to B3 from B1 and Probability of Default Rating (PDR) to B3-PD from B1-PD. Concurrently, Moody's downgraded the senior secured notes rating to Caa1 from B2. The rating outlook is stable.

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