London, 20 March 2015 -- Moody's Investors Service has today upgraded to B2 from B3 Clondalkin's corporate family rating (CFR) and to B2-PD from B3-PD the probability of default rating (PDR) of Clondalkin Industries B.V. (Clondalkin). Moody's also affirmed the B2 rating on Clondalkin Acquisition B.V.'s first lien term loan and plans to withdraw the Caa2 rating on the USD95 million second lien term loan following its full repayment.
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