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Moody’s changes JAB view
Moody's Investors Service said it confirmed the long-term issuer rating of JAB Holding Co. Sarl at Baa1.
The agency confirmed the senior unsecured ratings of JAB Holdings BV at Baa1.
The outlook was changed to negative from rating under review.
The action concludes the review process initiated by Moody's on Feb. 13.
The agency said the confirmation was prompted by JAB's commitment to manage its market value leverage at the lower end of its financial policy corridor of 15% to 25% following the initiation of Moody’s review for downgrade.
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