New York, June 17, 2013 -- Moody's Investors Service ("Moody's") lowered the debt ratings of Service Corporation International, Inc. ("SCI"), including the Corporate Family Rating to Ba3 from Ba2, the Probability of Default Rating to Ba3-PD from Ba2-PD, unsecured to B1 from Ba3, the guaranteed bank debt to Baa3 from Baa2 and the Speculative Grade Liquidity rating to SGL-2 from SGL-1. Moody's assigned a Baa3 to the proposed Senior Unsecured (Guaranteed) Delayed Draw Term Loan due 2018 and to the Senior Unsecured (Guaranteed) $500 million Revolving Credit Facility due 2018 and B1 to the proposed Senior Unsecured Notes due 2022. The ratings on the existing guaranteed bank debt will be withdrawn when the proposed bank debt closes. The ratings outlook is stable. This concludes the review opened on May 29, 2013.
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