New York, December 20, 2012 -- Moody's Investors Service downgraded Armored AutoGroup Inc.'s ("Armored") Corporate Family Rating ("CFR") and Probability of Default Rating ("PDR") to B3 from B2. Concurrently, Moody's lowered the rating on the senior secured credit facilities to B1 from Ba3, and the rating on the senior unsecured notes to Caa2 from Caa1. These actions reflect Moody's view that following the significant underperformance since the 2010 LBO by Avista Capital Partners and despite anticipated operational improvement, Armored is unlikely to improve earnings sufficiently in the near term to return credit metrics to levels appropriate for a B2 CFR. The rating outlook was revised to stable from negative.

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