Jun 13, 2006. /Lesprom Network/. Cascades Inc. announces that the Moody’s rating agency has recently affirmed via a press release the credit ratings of its debt instruments. Moody’s affirmed the Ba2 corporate family rating, assigned Ba1 ratings to both its CAD 450 million ($407.2 million) senior secured five-year revolver and CAD 100 million ($90.5 million) senior secured seven-year term loan. The rating agency also affirmed the Ba3 rating on Cascades’ $675 million senior unsecured debt. The overall rating outlook is stable. Commenting the news, Mr. Alain Lemaire, president and CEO stated: “ We are pleased to observe that despite relatively difficult market conditions characterized by the rapid appreciation of the $CA and energy prices that one of the main rating agencies has recognized the benefits of our diversification as well as the significant restructuring efforts undertaken in recent years. With the support of our employees, we intend to continue in this direction in order to ensure the company’s long term financial health. “ Founded in 1964, Cascades produces, transforms and markets packaging products, tissue paper and fine papers, composed mainly of recycled fibres. Cascades employs nearly 14 300 men and women who work in some 120 modern and flexible production units located in North America, in Europe and in Asia. Cascades' management philosophy, its more than 40 years of experience in recycling, its continued efforts in research and development are strengths which enable the company to create new products for its customers and thus offer superior performance to its shareholders. The Cascades shares trade on the Toronto stock exchange.