...+ Germany-based building products manufacturer Xella has been acquired by Lone Star and completed the refinancing of its debt. + We are assigning our 'B+' long-term corporate credit rating to LSF10 XL Investments S.a r.l. and LSF10 XL Bidco SCA, the issuer of Xella group's new first-lien debt. + At the same time, we are affirming and subsequently withdrawing our 'B+' long-term corporate credit rating on Xella International S.A., the parent company of the Xella group. + We are assigning our 'B+' issue rating and '3' recovery rating to Xella group's new 1.45 billion term loan B and 175 million revolving credit facility, issued by LSF10 XL Bidco. + At the same time, we are affirming and subsequently withdrawing our issuer and recovery ratings on the group's old debt instruments, issued by Xella International S.A. and Xefin Lux S.C.A. + The stable outlook reflects our view of the group's improving and historically stable profitability, which will continue to support cash flows, and our forecast...
