Moody’s Investors Service (“Moody’s”) assigned a B3 rating to Triumph Group, Inc’s. (“Triumph”), new second lien notes due 2024 and affirmed its other ratings including the Caa1 Corporate Family (CFR), the Caa1-PD Probability of Default, and the Caa2 senior unsecured. Proceeds from the second lien notes will be used to pay off Triumph’s senior unsecured notes due 2021 and to reduce borrowings on the revolving credit facility.
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