Moody's could lift Kabel Musketeer, Unitymedia

Moody's Investors Service said it placed the B2 corporate family and probability of default ratings of Kabel BW Musketeer GmbH and the B1 corporate family and probability of default ratings of Unitymedia GmbH under review for upgrade.

At the same time, Moody's placed six debt ratings on review for upgrade.

Moody's said the review follows the announcement that Unitymedia and its existing notes-issuing subsidiaries launched an offer to exchange (a) senior secured notes at Kabel BW GmbH for senior secured notes (due 2018/19) of Unitymedia Hessen GmbH & Co. KG and Unitymedia NRW GmbH; and (b) senior notes at UPC Germany Holdco 1 GmbH for senior notes (due 2021) of Unitymedia GmbH.

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