Dubai-based flexible packaging film producer Taghleef Industries HoldCo Ltd. has issued a new €235 million and $55 million term loan B and set up a $80 million revolving credit facility. It aims to reorganize its capital structure and repay existing debt. We view Taghleef Industries' business risk profile as fair and its financial risk profile as aggressive. We are assigning our 'B+' long-term rating to Taghleef Industries. The outlook is stable. This reflects our view that Taghleef Industries will maintain a degree of headroom in the credit metrics, which will alleviate pressure arising from its significant capital expenditure program and any potential volatility in operating performance. On May 23, 2016, S&P Global Ratings assigned its 'B+' long-term corporate credit rating
