EC Finance plc -- Moody's upgrades Europcar's CFR to B1 following IPO

London, 07 July 2015 -- Moody's Investors Service today upgraded Europcar Groupe S.A.'s (Europcar or the company) corporate family rating (CFR) to B1 from B3 and probability of default rating (PDR) to B1-PD from B3-PD. Concurrently, Moody's changed the instrument rating on the EUR475 million Senior Notes due 2022, the obligations of which have been transferred to the company from Europcar Notes Limited after the completion of Europcar Groupe S.A.'s initial public offering (IPO), to definitive B3 from provisional (P)B3 and upgraded EC Finance Plc's instrument rating on the EUR350 million Senior Secured Notes due 2021 to B2 from B3. The outlook on the ratings is stable.

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