| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for MobiFon Holdings BV > News item |
S&P ups MobiFon notes to B+
Standard & Poor's said it raised its ratings on MobiFon Holdings BV to BB from BB- on completion of Vodafone Group plc's (A/stable/A-1) acquisition of the company.
At the same time, S&P said it raised the rating on MobiFon Holdings' $223 million senior unsecured notes due 2010 to B+ from B while removing the ratings from CreditWatch.
The outlook is stable.
The ratings primarily reflect MobiFon's stand-alone credit quality, as the company is expected to be a non-recourse subsidiary of parent Vodafone, but they are constrained by the below-average demographics and risk associated with operating in Romania and also shoe the level of foreign-currency-denominated debt at the company.
© 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.