WP CPP Holdings, LLC -- Moody's places the B2 ratings of WP CPP Holdings, LLC under review for downgrade

New York, March 21, 2016 -- Moody's Investors Service is reviewing the ratings of WP CPP Holdings, LLC ("CPP") including the B2 Corporate Family Rating, under review for downgrade. The review follows a significant softening in earnings and cash flow generation, a weakened liquidity profile, and deteriorating credit metrics including more elevated leverage levels. The review will consider the company's ability to improve profitability and will also focus on the tightening liquidity profile and prospects for improved underlying cash flow generation in the face of sizable capacity investments.

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