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Neenah Paper, Inc. -- Moody's says Neenah's acquisition of FiberMark improves product and geographic diversification while maintaining leverage targets

New York, July 21, 2015 – Moody’s Investors Service says Neenah Paper, Inc.’s (Ba2 stable) agreement to acquire ASP FiberMark, LLC (FiberMark) is credit positive as we expect Neenah will benefit from increased scale and diversification, while leverage is still in line with the rating.

For further information, please see the issuer comment for Neenah Paper, Inc. on www.moodys.com.

This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.


Anastasija Johnson
Analyst
Corporate Finance Group
Moody'sInvestors Service, Inc.250 Greenwich StreetNew York, NY 10007
U.S.A.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Brian Oak
MD - Corporate Finance
Corporate Finance Group
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Releasing Office:
Moody's Investors Service, Inc.250 Greenwich StreetNew York, NY 10007
U.S.A.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

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