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12.10.2016 20:40:00
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Infinis Plc -- Moody's downgrades Infinis's CFR to B3; affirms B1 rating on notes
London, 12 October 2016 -- Moody's Investors Service, (Moody's) has today downgraded to B3 from B1 the corporate family rating (CFR) of Infinis Energy Limited (Infinis). Concurrently, Moody's has downgraded Infinis's probability of default rating (PDR) to B3-PD from Ba3-PD. Finally, Moody's has affirmed the B1 rating on the GBP350 million unsecured notes due 2019 issued by the group's landfill gas generation business, Infinis Plc, and changed the LGD assessment to LGD3 from LGD4. The outlook on all ratings remains negative.
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