London, 08 October 2013 -- Moody's Investors Service has today assigned a first-time corporate family rating (CFR) of B1 and probability of default rating (PDR) of B1-PD to Lanchester S.A., a holding company of the Rhiag group. Concurrently, Moody's has assigned a provisional (P)Ba3 rating to the proposed EUR195 million Senior Secured Notes due 2020 to be issued by Rhiag-Inter Auto Parts Italia S.p.A. and (P)B3 rating to EUR155 million PIK Toggle Notes due 2020 to be issued by Lanchester S.A. The outlook on all ratings is stable.
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