Moody's rates Wind notes Ba2

Moody's Investors Service said it assigned a definitive Ba2 rating to the €3.9 billion senior secured credit facilities of Wind Telecomunicazioni SpA, including an undrawn €400 million revolving credit facility, and a definitive Ba2 rating to the €2.7 billion (issued in euros and dollars) of senior secured notes due 2018 issued by Wind Acquisition Finance SA.

The outlook is developing.

Proceeds will be used to refinance existing bank facilities and to repay the company's second-lien facility and outstanding senior notes due 2015.

The developing outlook reflects the potential acquisition of the Weather group (100% owner of Wind) by Vimpelcom, the agency said.

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