Moody's: Ziggo notes to Baa3, Ba2

Moody's Investors Service said it upgraded the corporate family and probability of default ratings of Ziggo Bond Co. BV to Ba1 from Ba2.

Moody's also upgraded the rating on the €750 million senior secured notes due 2017 to Baa3 from Ba1 and the rating on the €1.2 billion senior notes due 2018 to Ba2 from B1.

The outlook is stable.

Moody's said the upgrade follows the successful completion of Ziggo's initial public offering on Amsterdam's Euronext NYSE exchange on March 26.

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