Correction to Text, April 16, 2020 Release: Moody's changes SoLocal's PDR to Ca-PD/LD following default at end of grace period
Announcement: Correction to Text, April 16, 2020 Release: Moody's changes SoLocal's PDR to Ca-PD/LD following default at end of grace period. Global Credit Research- 07 Jul 2020. Madrid, July 07, 2020-- The second paragraph of the Ratings Rationale section, referencing the removal of the "/ LD" designation after three business days, was removed.Solocal Group SA is a France-based company, which is engaged in local online communication. The Company provides digital content, advertising solutions and transactional services that connect people with local businesses. Solocal Group SA operates in France, Spain, Austria and the United Kingdom and supports the online development of SMB and client accounts, mainly through its four flagship brands: PagesJaunes (engaged in local advertising and information on the Internet and in mobile and print media), Mappy (a portal of services relating to travel: maps, journey planners, local area information searches, before and during the journey), Ooreka (a database of content with practical guides, tutorials, among others, written by such specialists as notaries, lawyers, doctors, electricians and gardeners, among others.
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