Moody's rates Element Solutions loan Ba1

Moody's Investors Service said it assigned a Ba1 rating to Element Solutions Inc.'s $375 million senior secured revolving credit facility maturing in November 2027, which replaces the $330 million revolving credit facility due 2024.

Element Solutions' Ba2 corporate family rating, Ba2-PD probability of default rating, Ba1 senior secured term loan and B1 senior unsecured notes ratings are unchanged. The speculative grade liquidity rating of SGL-1 remains the same.

"The new revolving credit facility extends the maturity while the incremental borrowing capacity offers additional flexibility to an already strong liquidity profile," said Domenick R. Fumai, a Moody's vice president and lead analyst for Element Solutions, in a press release.

The outlook is stable.

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