Moody’s rates HTA tap issuance B2

Moody’s Investors Service said the rating on the proposed $200 million tap issuance by HTA Group, Ltd. will be the same B2 rating as the $750 million of notes outstanding.

The agency affirmed the B2 corporate family rating and B2-PD probability of default rating on Helios Towers plc and affirmed the B2 rating assigned to the $750 million senior unsecured guaranteed notes due 2025 issued by HTA.

Proceeds will be used for general corporate purposes, which may include the funding of the Senegal tower acquisition for €160 million.

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