NEW YORK (Standard&Poor's) Feb. 10, 2011--Standard&Poor's Ratings Services said today that it assigned its 'B' issue rating and '2' recovery rating to Momentive Performance Materials Inc.'s approximately $1 billion first-lien senior secured term loans, consisting of a U.S.-dollar term loan and a euro term loan due 2015. The '2' recovery rating indicates our expectations of substantial recovery (70%-90%) in the event of a payment default. The 'B' issue rating is one notch above the 'B-' corporate credit rating on the company. The outlook is stable. We expect Momentive Performance Materials to use proceeds from the term loans to pay down existing first-lien senior secured term loans due 2013. Albany, N.Y.-based Momentive Performance Materials is a large
