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06.08.2013 18:28:00
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Darling International Inc. -- Moody's Affirms Darling's Ba1 CFR; Outlook Stable
New York, August 06, 2013 -- Moody's Investors Service ("Moody's") today affirmed Darling International Inc.'s ("Darling") Corporate Family Rating ("CFR") of Ba1 following the announcement of its acquisition of U.S. based used cooking oil collector and processor Terra Renewal Services, Inc. Moody's also affirmed the Baa3 rating of Darling's $415 million senior secured revolving credit facility and the Ba2 rating of its $250 million senior unsecured notes. The outlook is stable.
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