Moody’s reviews Entertainment One for upgrade

Moody's Investors Service said it placed Entertainment One Ltd.’s ratings under review for upgrade.

“The review for upgrade on Entertainment One's ratings reflect the fact that if the transaction concludes as planned the company will become part of a larger group with a stronger credit profile,” said Sebastien Cieniewski, Moody's lead analyst for Entertainment One, in a news release.

The ratings under review include the Ba3 corporate family, the Ba3-PD probability of default and the B1 instrument rating on the company’s senior secured notes due 2026.

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