Moody’s might lift HellermannTyton

Moody's Investors Service said it placed the Ba2 corporate family rating and Ba2-PD probability of default rating of HellermannTyton Group plc on review for upgrade following its proposed acquisition by Delphi Automotive plc.

"The review was prompted by the announcement that Delphi Automotive plc will acquire all issued and to be issued shares of HellermannTyton. The review for upgrade of HellemannTyton's rating considers the potential strengthening of the group's credit profile once the transaction becomes effective and it is integrated into the substantially larger, financially stronger and broader diversified Delphi group," Goetz Grossmann, Moody's lead analyst for HellermannTyton, said in a news release.

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