London, 26 November 2014 -- Moody's today downgraded Ziggo N.V.'s Corporate Family Rating (CFR) to Ba3 (from Ba1) and its Probability of Default Rating (PDR) to Ba3-PD (from Ba1-PD). At the same time, Moody's downgraded the rating of the senior secured notes due 2020 at Ziggo B.V. ('Ziggo BV') to Ba2 (from Baa3). Ziggo BV is indirectly wholly owned by Ziggo N.V. ('Ziggo', 'the company'). All of the above ratings remain under review for downgrade. The (P) Ba3 ratings for bank debt at Ziggo BV remain unchanged and Moody's has assigned a (P)B3 for LGE Holdco VI B.V.'s ('LGE Holdco VI') senior unsecured notes due 2024 ('the 2024 notes'). LGE Holdco VI, a vehicle used in Liberty Global plc's (Liberty Global, rated Ba3; stable) acquisition of Ziggo is an indirect holding company of Ziggo and currently the ultimate holding company that has issued third party debt in the context of the Ziggo acquisition.

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