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Moody’s reviews Holdelis, Novalis
Moody's Investors Service said it placed the B1 corporate family rating of Holdelis SAS under review for upgrade.
Concurrently, the agency placed the B1-PD probability of default rating and the Ba3 rating of the €450 million senior secured notes issued by Novalis SAS under review for upgrade.
The review follows the company's Jan. 28 announcement that Holdelis declared it would launch an initial public offering expected to be priced by Feb. 10.
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