Moody’s assigns B2 to Renta loan

Moody’s Investors Service said it gave a B2 rating to Ren10 Holding AB’s (Renta Group) new €200 million senior secured term loan.

Renta’s other ratings, including the B2 corporate family rating, the B2-PD probability of default rating and B2 backed senior secured instrument rating, are unchanged.

The loan will be used for general corporate purposes including funding of future acquisitions, the repayment of revolver borrowings, and paying fees, costs, and expenses.

The outlook is stable.

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