Moody's upgrades eir to B1; stable outlook
Madrid, February 09, 2017-- Moody's Investors Service has today upgraded the Corporate Family Rating of eircom Holdings Limited to B1 from B2. eir's Probability of Default Rating has also been upgraded to B1-PD from B2-PD. Concurrently, Moody's upgraded to B1 from B2 the rating on the EUR1.7 billion senior secured credit facility raised by eircom Finco S. Ã . r.l. and the EUR700 million senior secured notes due 2022 issued by eircom Finance Designated Activity Company.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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76,000 structured finance obligations
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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