Moody’s rates Peer Holding CFR B1

Moody's Investors Service said it assigned a B1 corporate family rating and a B1-PD probability of default rating to Peer Holding BV (Action).

The agency also assigned definitive B1 ratings to the company's €1,125,000,000 term loan B and €75 million revolving credit facility.

The outlook is stable.

Concurrently, Moody's withdrew the ratings on Action Holding BV, including the B1 corporate family rating and B1-PD probability of default rating as well as the B1 ratings of the €780 million term loan B and the €60 million revolving credit facility.

The refinancing transaction referred to in Moody's press release published Jan. 25 has now been completed. As such, assigning the corporate family rating to Peer Holding reflects its new role as the top entity within the restricted group, while assignment of definitive instrument ratings follows Moody's review of final credit documentation, the agency said.

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