Moody's affirms Mark IV

Moody's Investors Service said it affirmed the B2 corporate family rating and probability of default of Mark IV LLC's exit financing.

In a related action, Moody's said it affirmed the Ba2 rating on the senior secured first-lien revolving credit and term loan facilities, and lowered the rating for the restructured second-lien term loans, to B2 from B1, following a change in the capital structure.

The outlook remains stable.

The fundamentals of the transaction which support the corporate family and probability of default ratings have not changed, the agency said.

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