Moody’s revises Obol France view to stable

Moody's Investors Service said it changed to stable from positive the outlook on the B2 corporate family rating and B2-PD probability of default rating assigned to Obol France 2 SAS.

At the same time, Moody's affirmed the ratings, as well as the B2 rating assigned to the €960 million senior secured term loan B and the €60 million senior secured revolving credit facility, both borrowed by Obol France 3 SAS.

The outlook of Obol France 3 was also changed to stable from positive.

“Today's decision to stabilize the outlook on OGF's ratings reflects a slower than initially anticipated deleveraging trajectory as a result of softer operating performance, which is not in line with our expectations for a B1 rating,” Giuliana Cirrincione, Moody's lead analyst, said in a news release.

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