Moody’s affirms Louvre

Moody’s Investors Service said it affirmed Louvre BidCo SAS' corporate family rating and senior secured debt rating at B2.

The outlook remains positive.

Moody's withdrew Louvre BidCo's instrument outlooks for its own business reasons. This has no impact on the issuer level outlook.

“The affirmation of Louvre BidCo's B2 corporate family rating reflects its leadership in the French debt purchasing market; adequate debt serviceability with a 30-year track record mitigating model pricing risk of the purchased portfolios; and relatively low leverage with predictable cash flows,” the agency said in a news release.

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