Moody’s pulls Lowen Play PIK note rating

Moody's Investors Service said it withdrew the Ca instrument rating on the €130 million subordinated PIK notes due 2026 issued by Dice MidCo Sarl (Lowen Play), a holding entity and ultimate parent of Safari Beteiligungs GmbH (Caa3, positive).

The outlook is positive.

Safari Beteiligungs’ Caa3 corporate family rating, Caa3-PD probability of default rating and Caa2 instrument rating on the €258 million backed senior secured notes due 2025 are unaffected.

Moody's said it has decided to withdraw the rating for its own business reasons.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.