Moody's rates Zenith notes B1

Moody's Investors Service said it assigned a first time B1 long-term corporate family rating to Zeus Bidco Ltd. (Zenith) and a B1 rating to the £475 million fixed-rate senior secured notes to be issued out of Zenith Finco plc.

The outlook is stable.

“The CFR of B1 reflects Zenith's moderate size, steady and good level of cash flow generation, and solid debt servicing capacity, relatively high leverage, and moderate liquidity profile,” Moody’s said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.