Moody's rates Ineos loans Ba2

Moody's Investors Service said it assigned Ba2 ratings to the planned backed senior secured term loans due 2027 to be issued by Ineos US Finance LLC and Ineos Finance plc.

Ineos Group Holdings SA’s other ratings are unaffected, the agency said. These include Ineos' corporate family rating at Ba2 and probability of default rating at Ba2-PD, as well as the Ba2 ratings of backed senior secured notes due November 2025, March 2026 and May 2026, the Ba2 ratings of backed senior secured term loans due March 2024, October 2027 and November 2028 issued by Ineos Finance and the backed senior secured term loans due March 2024 and November 2028 issued by Ineos US Finance.

Ineos Group expects to use the proceeds to refinance a portion of its senior secured term loans due March 2024.

The outlook for all entities is stable.

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