Moody’s gives B1 to Nielsen notes

Moody's Investors Service said it assigned a B1 rating to the proposed $800 million tack-on to the existing 5% senior unsecured notes due 2022 issued by Nielsen Finance LLC, an indirect subsidiary of Nielsen NV.

All other ratings, including the Ba3 corporate family rating and Ba3-PD probability of default rating, are unchanged.

The outlook remains positive.

Proceeds will be used to refinance the existing 7¾% senior unsecured notes due 2018. Reduced pricing will provide estimated savings of $22 million in annual interest expense.

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