Moody's: Telenet notes Ba3

Moody's Investors Service said it assigned a definitive Ba3 rating to the €400 million senior secured notes due 2021 issued by Telenet Finance IV Luxembourg SCA.

The outlook is stable.

The proceeds will be used with existing cash and cash equivalents to repay in full or in part outstanding amounts under term loans G and J of its senior secured bank facilities, Moody's said.

The ratings reflect the fact that the notes rank effectively pari passu with Telenet's senior secured bank facilities, which also are rated Ba3.

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