London, 07 May 2014 -- Moody's Investors Service has today assigned a first-time corporate family rating (CFR) of B2 and a probability of default rating (PDR) of B2-PD to Floatel International Ltd ("Floatel" or "the company"). Concurrently, Moody's has assigned a provisional (P)B2 rating to the company's proposed USD650 million senior secured term loan B due 2020 ("TLB" or "the loan") borrowed by Floatel and U.S. Finco. The outlook on all ratings is stable.
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