29.10.2015 21:57:00

Oberthur Technologies S.A. -- Moody's places Oberthur Technologies' ratings (CFR at B2) under review for upgrade following announcement of intention to proceed with an IPO

London, 29 October 2015 -- Moody's has today placed the ratings of Oberthur Technologies Group S.A.S. (fomerly Oberthur Technologies Holding S.A.S, Oberthur Technologies or the company) and its subsidiaries under review for upgrade, including the B2 corporate family rating (CFR), B2-PD probability of default rating (PDR), and the Caa1 instrument rating on the EUR190 million Senior Notes due 2020. Concurrently Moody's has placed under review for upgrade the B1 instrument rating on the EUR260 million Term Loan B due 2019 and EUR88 million Revolving Credit Facility (RCF) raised by Oberthur Technologies S.A. and the USD280 million Term Loan B due 2019 raised by Oberthur Technologies of America Corp., both subsidiaries of Oberthur Technologies.

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