Moody’s gives ams-Osram notes B2

Moody's Investors Service said it assigned a B2 instrument rating to ams-Osram AG’s planned €800 million of equivalent backed senior unsecured notes.

“The new backed senior unsecured notes are rated at the same level as ams-Osram's existing B2 long-term corporate family rating (CFR), reflecting their pari passu ranking with the existing debt in the capital structure,” Moody’s said in a press release.

The proceeds are expected to be used to refinance ams-Osram’s debt.

The outlook is stable.

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