Moody's could lift HellermannTyton

Moody's Investors Service said it placed the B1-PD probability of default and B1 corporate family ratings of HellermannTyton Alpha Sarl under review for possible upgrade.

Moody's has also placed the provisional B2 rating assigned to €220 million of senior secured guaranteed notes issued by HellermannTyton Finance plc under review for upgrade.

The action follows the company's announcement of its intention to launch an initial public offering and to list the business on the London Stock Exchange, the agency said.

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