Moody's: Kabel review to positive

Moody's Investors Service said it changed its review of Kabel Deutschland GmbH's ratings to "review for upgrade" from "review with direction uncertain."

The ratings impacted are the Ba2 corporate family rating and Ba2-PD probability of default rating of Kabel Deutschland Holding AG (KDH), as well as the instrument ratings at KDH and its subsidiary Kabel Deutschland Vertrieb&Service GmbH.

Moody's said the action follows recent public statements by John Malone, chairman of Liberty Global plc, suggesting that Liberty Global will not attempt to acquire KDH. Moody's said it now believes that a takeover of KDH by Vodafone is the most likely outcome.

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