Moody’s assigns B1 to TV Bidco

Moody’s Investors Service said it assigned a B1 corporate family rating and a B2-PD probability of default rating to TV Bidco BV, the parent of Central European Media Enterprises Ltd.

Following PPF Group NV’s acquisition of Central European Media, TV Bidco will become the 100% owner and new top company within the restricted group issuing consolidated financial statements for Central European Media’s operating subsidiaries.

Concurrently, Moody’s withdrew Central European Media’s B1 CFR and B1-PD PDR.

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