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Ineos Enterprises Holdings Limited -- Moody's assigns Ba3 ratings to INEOS Enterprises

Moody's Investors Service ("Moody's") today assigned a Ba3 corporate family rating (CFR) and a Ba3-PD probability of default rating (PDR) to INEOS Enterprises Holdings Limited ("INEOS Enterprises"). Concurrently, Moody's assigned Ba3 ratings to the E350 million (or its US dollar equivalent) senior secured term loan A ("TLA") due 2024 and E525 million senior secured term loan B ("EUR TLB") due 2026 to be borrowed by INEOS Enterprises Holdings II Limited, as well as to the US dollar-denominated E525 million equivalent senior secured term loan B ("USD TLB") due 2026 to be borrowed by INEOS Enterprises Holdings US Finco LLC. The outlook on all ratings is stable.