Moody’s assigns PPF Telecom notes Ba1

Moody’s Investors Service said it assigned a Ba1 rating to the €500 million senior secured notes PPF Telecom Group BV will sell under its unrated medium-term note program.

The notes’ Ba1 rating is in line with the group’s Ba1 corporate family rating, the agency said.

Proceeds are expected to be used for general group funding needs, including repayment of the bank loan.

The outlook is stable.

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