New York, May 26, 2015 -- Moody's Investors Service (Moody's) today affirmed the Corporate Family Rating (CFR) of Darling Ingredients Inc. (Darling), but changed the rating outlook to negative from stable. Moody's also changed several other of Darling's ratings in connection with the issuance of new debt which changes the overall secured/unsecured mix within the company's capital structure. As such, Moody's upgraded Darling's senior secured bank credit facilities to Ba1 from Ba2 and senior unsecured debt to Ba3 from B1.

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