Moody’s rates Intrum Justitia, notes Ba2

Moody's Investors Service said it assigned a provisional Ba2 corporate family rating to Intrum Justitia AB and a provisional Ba2 rating to its proposed €3 billion long-term senior notes.

The outlook is positive.

Moody’s said the action is based on its expectation that the merger between Intrum and Lindorff, the operating company of Lock Lower Holdings AS (LT corporate family rating, B2 ratings under review), will be successfully completed following the European Commission's approval on June 12. The approval is subject to divestments of Lindorff's entire business in Denmark, Estonia, Finland and Sweden as well as Intrum's entire business in Norway.

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