|Moody's||Standard & Poor's|
|Senior secured debt||Baa3||BB+|
|Senior unsecured debt||Ba3||BB-|
|Corporate rating||Ba2 (stable)||BB- (stable)|
|Most recent comment report||May 2015||
Cascades’ credit rating is determined by Moody’s and Standard & Poor's. These ratings are provided for information purposes only and may be modified at any time. The opinions, views or forecasts of these firms regarding Cascades’s performance are distinct from those of Cascades' management.