06.02.2015 18:35:00
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Sunrise Communications Group AG -- Moody's assigns Ba2 CFR to Sunrise Communications Group AG, (P)Ba2 ratings to new debt instruments; outlook stable
Madrid, February 06, 2015 -- Moody's Investors Service has today assigned a Corporate Family Rating (CFR) of Ba2 and a Probability of Default Rating (PDR) of Ba2-PD to Sunrise Communications Group AG (Sunrise). Concurrently, Moody's has withdrawn the B1 CFR and B1-PD PDR at the Sunrise Communications Holdings S.A. (SCH) level. Moody's has also assigned a provisional (P)Ba2 rating to Sunrise Communications Holdings S.A.'sCHF1.36 billion Term Loan B facility, CHF200 million revolving credit facility and CHF500 million (equivalent) senior secured notes due 2022. The outlook on the ratings is stable.