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Orion Engineered Carbons GmbH -- Moody's upgrades Orion to Ba2 from Ba3, stable outlook

Moody's Investors Service, ("Moody's") has today upgraded the corporate family rating (CFR) of rubber and specialty carbon black manufacturer Orion Engineered Carbons S.A. (Orion) to Ba2 from Ba3. Concurrently Moody's upgraded Orion's probability of default rating (PDR) to Ba2-PD from Ba3-PD. Moody's has also upgraded to Ba2 from Ba3 the rating of the term loan facilities and of the E175 million multi-currency revolving credit facility ('RCF') borrowed by Orion Engineered Carbons GmbH and OEC Finance US LLC, two indirect subsidiaries of Orion.