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WEI Sales LLC -- Moody's says Wells Enterprises' outlook is negative following FieldBrook acquisition

Moody's Investors Service ("Moody's") today assigned WEI Sales LLC ("WEI") a Corporate Family Rating (CFR) at Ba3, a Probability of Default Rating (PDR) at Ba3-PD, and a negative rating outlook. In addition, Moody's is correcting the issuer for the B1 rated term loan B to WEI Sales Inc. from Wells Enterprises, Inc. The final LGD assessment is being changed to LGD 5 from LGD 4.