Moody's rates gategroup notes B1

Moody's Investors Service said it assigned a definitive B1 rating to the €350 million senior unsecured notes due 2019 issued by gategroup Finance (Luxembourg) SA.

Moody's also assigned B1 corporate family and probability of default ratings to gategroup Holding AG, the parent company of gategroup, and has concurrently withdrawn the B2 corporate family and probability of default ratings from Gate Gourmet Borrower LLC.

The outlook is positive.

Moody's said the assignment of definitive ratings follows the issuance of the notes and the receipt of final documentation.

The final terms of the notes are in line with the drafts reviewed for the provisional B1 instrument rating assignment, the agency said.

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