Businesses that were part of various entities under the Koch Group have now been transferred into Koch Solutions LLC, a newly created subsidiary incorporating several existing businesses within the Koch Group. We assigned our 'A+' issuer credit rating to Koch Solutions LLC. The outlook is stable. The stable outlook reflects our view of unwavering support to Koch Solutions from the Koch Group. The stable outlook reflects our view that newly formed Koch Solutions will maintain its highly strategic importance to the Koch Group at all times and that our view of credit quality of the Koch Group is unchanged. This includes our view for a 'aa-' group credit profile. We could lower ratings over the next 12-24 months if we
