London, 17 January 2014 -- Moody's Investors Service has today assigned a B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) to Virtuoso Lux II S.a.r.l. (or VAT), the Swiss-based manufacturer of vacuum valves for semiconductor and other end markets. Concurrently, Moody's has also assigned a (P)B1 instrument rating to the CHF360 million equivalent term loan due 2021 and CHF30 million revolving credit facility due 2019 co-borrowed by Polyusus Lux 2 S.a.r.l. and Virtuoso US LLC. The outlook on all ratings is stable.
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