Moody’s changes B2Holding ASA view

Moody’s Investors Service said it affirmed B2Holding ASA's corporate family rating at Ba3, and downgraded its local and foreign currency issuer ratings to B1 from Ba3.

The outlook was changed to stable from review for downgrade previously.

The action concludes the review opened on the issuer’s ratings on Dec. 12, 2018, following the application of Moody's loss given default analysis for speculative-grade companies.

The agency said the affirmation reflects B2Holding's good historical and anticipated financial performance, strong capitalization and leverage metrics compared to peers, and well-diversified portfolio of non-performing loans.

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