Moody's affirms HSS' CFR at B1; downgrades the notes to B2; and changes the outlook on the ratings to negative
London, 14 February 2017-- Moody's Investors Service, has today affirmed Hero Acquisitions Limited's B1 corporate family rating and B1-PD probability of default rating. Concurrently, Moody's has downgraded to B2 from B1 the instrument rating on the GBP136 million outstanding senior secured notes maturing in 2019 issued by HSS Financing plc, a subsidiary of HSS. Moody's has changed the outlook on all the ratings to negative from stable.
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