Moody’s assigns Rubix Midco B3

Moody’s Investors Service said it assigned Rubix Group Midco 3 Ltd. a B3 corporate family rating and a B3-PD probability of default rating and withdrew its B3 and B3-PD ratings on Rubix Ltd. The outlook is stable.

Concurrently, the agency affirmed all the B3 ratings on Rubix Group Finco Ltd.'s senior secured first-lien term loan B1 and its senior secured first-lien revolving credit facility both due 2026. The outlook for Finco remains stable and concurrently, the outlook for Rubix Ltd. has been withdrawn from stable.

The rating actions reflect the repayment of Rubix Ltd.’s repayment of €340 million preferred shares and that Rubix Group Midco 3 is the top entity in the restricted group, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.