Frankfurt am Main, November 24, 2016 -- Moody's Investors Service, ("Moody's") has today upgraded the corporate family rating (CFR) of Munters Topholding AB (Munters) to B2 from B3, as well as the probability of default rating (PDR) to B2-PD from B3-PD. The instrument ratings assigned to the senior secured bank facilities of Munters Corporation, the main subsidiary of Munters, were also upgraded to B2 from B3. Concurrently, Moody's has changed the outlook on all ratings to positive from stable.

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