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19.07.2013 19:05:00
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TP Financing 3 Limited -- Moody's assigns B2 CFR to Travelex; stable outlook
London, 19 July 2013 -- Moody's has today assigned a corporate family rating ("CFR") of B2 and a probability of default rating ("PDR") of B2-PD to TP Financing 3 Limited ("Travelex" or "the company"). Concurrently, Moody's has assigned a provisional rating of (P)Ba2 to the planned GBP90 million revolving credit facility and a provisional rating of (P)B2 to the proposed GBP350 million senior secured notes due 2018 to be issued by Travelex Financing PLC. The outlook on the ratings is stable.
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