Moody's assigns limited default (LD) indicator to SoLocal's PDR after payment default
London, 04 January 2017-- Moody's Investors Service, has today assigned a limited default indicator to SoLocal Group S.A.' s Ca-PD probability of default rating. The PDR has therefore been changed to Ca-PD/LD. Concurrently, Moody's has affirmed SoLocal's Ca corporate family rating and the Ca rating on the PagesJaunes Finance& Co. S.C.A.' s senior secured notes.
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Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
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