SMCP S.A.S -- Moody's assigns provisional (P)B2 CFR to BiSoho SAS; outlook positive

London, 06 May 2016 -- Moody's Investors Service (Moody's) has today assigned a provisional (P)B2 corporate family rating (CFR) to BiSoho S.A.S. (BiSoho), the holding company established by Chinese textile manufacturer Shandong Ruyi Technology Group (Ruyi) in connection with its proposed acquisition of SMCP S.A.S (SMCP), the French apparel retailer. Concurrently, Moody's has assigned a provisional (P)B2 rating to the proposed fixed and floating rate senior secured notes with an aggregate principal of EUR470 million to be issued by the company to part fund the acquisition. The outlook on the ratings is positive.

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