Moody’s assigns Ineos notes Ba2

Moody’s Investors Service said it assigned a Ba2 rating to the senior secured notes due 2026 being issued by Ineos Finance plc, a subsidiary of Ineos Group Holdings SA.

The senior secured notes will rank equally with the Ba2 rated senior secured term loans due 2024 issued by Ineos US Finance LLC and Ineos Finance and the senior secured notes due November 2025 and May 2026 issued by Ineos Finance, the agency said.

“The notes’ rating is one notch above the corporate family rating for Ineos due to their ranking priority within the capital structure,” Moody’s said in a press release.

The outlook is negative.

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