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22.11.2016 21:22:00
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Peer Holding B.V. -- Moody's affirms Action's ratings and assigns B1 rating to additional term loan; outlook stable
London, 22 November 2016 -- Moody's Investors Service, ("Moody's") has today assigned a B1 rating (LGD4) to a EUR475 million new senior secured term loan B tranche maturing in 2022 proposed under the credit facilities agreement of the Dutch non-food discount retailer Peer Holding B.V. (Action). Concurrently, Moody's affirmed the B1 corporate family rating (CFR), the B1 (LGD4) ratings on existing senior secured bank debt and the B1-PD probability of default rating (PDR). The outlook on the ratings is stable.
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