Moody's: No rating impact on Driver Master S.A., Compartment 7 from proposed Tap Issuance
Madrid, November 25, 2016-- Moody's Investors Service announced today that the proposed purchase of additional receivables funded by the increase of existing notes' size, would not, in and of itself and as of this time, result in the downgrade or withdrawal of the ratings on the issued debt of Driver Master S.A., Compartment 7. On 25 November 2016, the Issuer will purchase additional receivables with an outstanding discounted balance of EUR 391.3 million. This will- together with the...
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