Negative rating for Sterigenics debt

|By:, SA News Editor

Moody's rates the debt Sterigenics will use to buy Nordion (NDZ +0.1%) B2 with a Loss Given Default (LGD) 3 score, which reflects Moody's opinion about the expected loss given default on fixed income obligations expressed as a percent of principal and accrued interest at the resolution of default. LGD3's projected loss range is >= 30% and < 50%. The rating outlook is negative.