Moody’s: Virgin Media Receivables notes B1

Moody's Investors Service said it assigned a B1 rating to Virgin Media Receivables Financing Notes I DAC’s £800 million worth of receivables financing notes due 2024.

The outlook is stable.

All other ratings of the Virgin Media Inc. group are unchanged.

The B1 rating on the notes is one notch lower than Virgin Media group's Ba3 corporate family and the Ba3 senior secured debt ratings at its subsidiaries – Virgin Media Investment Holdings Ltd. and Virgin Media Secured Finance plc, and a notch higher than the B2 rated senior unsecured debt issued by Virgin Media’s subsidiary Virgin Media Finance plc.

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