16.11.2015 17:02:00
|
Norcell Sweden Holding 3 AB (publ) -- Moody's upgrades Com Hem's CFR to Ba3, outlook stable.
London, 16 November 2015 -- Moody's Investors Service has today upgraded Norcell Sweden Holding 2 AB's ('Com Hem' or 'the company') Corporate Family Rating (CFR) to Ba3 (from B1) and the company's Probability of Default Rating (PDR) to Ba3-PD (from B1-PD). The Ba3 rating of the SEK 2.5 billion senior secured notes due 2019 at the company's Norcell Sweden Holding 3 AB subsidiary has been affirmed at Ba3 given that following the imminent call redemption of the company's senior notes due 2019 (rating unchanged at B3) there will no longer be any rating uplift from junior ranking debt for the senior secured notes. The outlook for all ratings is stable.