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Published on 12/1/2004 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Moody's rates UPC B1, B3

Moody's Investors Service said it assigned a B1 senior implied rating to UPC Distribution Holding BV.

Concurrently, Moody's assigned a B3 senior unsecured issuer rating to the company. The outlook is stable.

Moody's said the senior implied rating is an opinion of an issuer's ability to honor its financial obligations as if it had a single class of debt and a single consolidated capital structure.


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