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BioReliance Corp assigned 'B2' corporate family rating by Moody's


Published :
Tue, 27 Mar 2007 07:50
By : Agencies
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LONDON (AFX) - Moody's Investors Service assigned first time ratings for BioReliance Corp and ACP/BREL UK Acquisitions Ltd, both fully-owned by ACP/BREL Intermediate Inc.

The rating agency has assigned corporate family rating of 'B2' and a default rating of 'B2', with a stable outlook for BioReliance Corp.

Moody's said it assigned 'B1' rating for BioReliance's US first lien term loan, worth 55 mln usd, due 2014, and US first lien term revolving credit facility, worth 15 mln usd, due 2013, and 'Caa1' rating for US second lien term loan, worth 40 mln usd, due 2014.

The rating agency has also assigned 'B1' rating for ACP/BREL UK Acquisition Ltd 's UK first lien term loan, worth 40 mln usd, due 2014 and UK first lien term revolving credit facility, worth 5 mln usd, due 2013.

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