Moody's ups 3i view to stable

Moody's Investors Service said it changed the outlook on 3i Group plc's ratings to stable from negative, and affirmed its senior unsecured debt at and issuer ratings at Baa1 and prime-2.

The outlook change reflects the company's shift toward a more conservative approach to liability management by reducing its leverage and adhering to a more recently introduced maximum net debt level, Moody's said.

The new outlook also takes into account the good track record of the company over the past two challenging years to realize the sale of a number of investments profitably, demonstrating a certain robustness and success of its business, the agency said.

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