Moody’s: Residomo, bond Ba3

Moody's Investors Service said it assigned a Ba3 corporate family rating to Residomo s.r.o. and a Ba3 rating to its proposed €680 million senior secured bond.

The outlook is stable.

"Residomo’s Ba3 rating balances its substantial leverage and geographic concentration with the company's leadership position as a key provider of affordable housing in the Moravian-Silesian region. Good profitability and cash flow generation also underpin the rating," Martin Fujerik, Moody's lead analyst for Residomo, said in a news release.

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