Moody's Reaffirms Ba1 Corporate Family Rating and Ba2 Notes Rating, Outlook Stable
Moody's has issued an update on the company's ratings.
- Long-Term Corporate Family Rating
- Ba1 (unchanged)
- USD Senior Secured Notes Due 2032 Rating
- Ba2 (unchanged)
- Outlook
- Stable
What was shared
The company informed the exchanges that Moody's Investor Service has issued an update on its long-term Corporate Family Rating and on the instrument rating assigned to its USD senior secured notes due 2032.
The ratings
- Long-Term Corporate Family Rating: earlier Ba1, revised Ba1
- Instrument Rating (USD senior secured notes due 2032): earlier Ba2, revised Ba2
- Outlook: stable
What it means
A credit rating is an independent opinion on how likely a borrower is to repay its debt. The Corporate Family Rating reflects the overall credit quality of the group, while the instrument rating applies specifically to the dollar-denominated senior secured notes maturing in 2032. In this update both ratings have been kept at the same levels as before, and the outlook is stable, which indicates the agency does not currently expect a change in direction.
For the rating rationale and further detail, the company has directed readers to Moody's own communication.
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