Moody’s pulls ratings on UPC term loans

Moody’s Investors Service said it withdrew the Ba3 ratings on the $700 million senior secured term loan series AT due 2028 issued by UPC Financing Partnership and the €400 million senior secured term loan series AU due 2029 issued by UPC Broadband Holding BV. The negative outlook assigned to UPC Broadband Holding BV has also been withdrawn.

“The ratings were assigned in error and have been withdrawn in order to comply with the shareholding provisions of the European regulation on credit rating agencies,” Moody’s said in a press release.

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