07.03.2016 16:02:00
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Orbotech Ltd -- Moody's upgrades Orbotech's rating to Ba3 with stable outlook
Frankfurt am Main, March 07, 2016 -- Moody's Investors Service ("Moody's") has today upgraded Orbotech Ltd's (Orbotech) Corporate Family Rating (CFR) to Ba3 from B1. Concurrently Moody's has upgraded Orbotech's probability of default rating to Ba3-PD (PDR), and the rating of the guaranteed senior secured term loan issued by Orbotech Inc. to Ba3 (LGD3) from B1 (LGD3). The outlook on the ratings is stable.