Moody's could cut Alpha Topco

Moody's Investors Service said it placed the Ba3 corporate family rating and B1 probability of default rating of Alpha Topco Ltd. under review for downgrade.

Alpha Topco is the holding company of the group of companies that hold the rights to commercially exploit the Federation Internationale de l'Automobile Formula One World Championship.

Moody's said its decision to place the ratings under review for downgrade follows the announcement that Alpha Topco launched a process to amend and extend the existing $2.2 billion of bank facilities at Delta 2.

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