Moody's: Victoria plc's ratings are unaffected by the proposed €170 million note tap
Announcement: Moody's: Victoria plc's ratings are unaffected by the proposed €170 million note tap. Global Credit Research- 22 Jan 2020. London, 22 January 2020-- Moody's Investors Service today stated that Victoria plc's ratings are unaffected by the proposed E170 million tap on the existing E330 million senior secured notes due 15 July 2024 issued by Victoria plc. Victoria's existing ratings include a B1 corporate family rating, a B1-PD probability of default rating and a B1...Victoria PLC is a designer, manufacturer and distributor of flooring products. The Company's principal activities are the manufacture, distribution and sale of floorcoverings. Its segments include UK and Australia. It manufactures wool and synthetic broadloom carpets, carpet tiles, underlay and flooring accessories. In addition, it markets and distributes a range of luxury vinyl tile (LVT) and hardwood flooring products produced by third-party manufacturers. Its product offering in the United Kingdom ranges from both crafted, woven Wilton carpets to Tufted carpets in a myriad of fashion colors and styles. Its stock range offerings cover saxonies, tonals, velvets, twists and natural loop pile styles for residential use. The Company supplies its products to the mid to high end residential market and contract sector both in the United Kingdom and overseas. Its subsidiary, Munster Carpets Limited, is engaged in the manufacture and distribution of floorcoverings for the contract market.
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