Moody's upgrades Numericable

Moody's Investors Service said it assigned a B1 corporate family rating and B2-PD probability of default rating to Ypso Holding Sarl (Numericable).

At the same time, the agency withdrew the B2 corporate family rating and B3-PD probability of default rating of Ypso France SAS.

Moody's also upgraded the ratings of the senior secured notes due 2019 issued by Numericable Finance & Co. SCA to B1 from B2.

The outlook is positive.

The actions follow the closing of the refinancing of Altice B2B France SAS' (Completel) debt by Numericable and the completion of related reorganization steps, which resulted in Numericable becoming the owner of Completel. In November, Numericable Group SA, Numericable's parent company, was listed on the Euronext stock exchange.

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