Ranking Motion: Moody’s withdraws rankings of WP/AV CH Holdings II B.V.
World Credit score Analysis – 30 Dec 2020
Frankfurt am Predominant, December 30, 2020 — Moody’s Buyers Service (“Moody’s”) has right now withdrawn the B2 company household score (CFR) and the B2-PD chance of default score (PDR) of WP/AV CH Holdings II B.V. (Avaloq), the highest entity in Avaloq’s restricted group. Concurrently, Moody’s has withdrawn the B2 score on the CHF 350 million senior secured time period mortgage B and the CHF 60 million senior secured revolving credit score facility (RCF), each borrowed by WP/AV CH Holdings III B.V. On the time of the withdrawal, the rankings had been positioned on evaluate for improve. The outlooks have additionally been withdrawn from rankings below evaluate.
Moody’s has withdrawn the rankings following the compensation of all excellent debt by Avaloq after closing of the acquisition by NEC Company (unrated). Please confer with the Moody’s Buyers Service Coverage for Withdrawal of Credit score Scores, accessible on its web site, www.moodys.com.
For any affected securities or rated entities receiving direct credit score assist from the first entity(ies) of this credit standing motion, and whose rankings could change on account of this credit standing motion, the related regulatory disclosures might be these of the guarantor entity. Exceptions to this strategy exist for the next disclosures, if relevant to jurisdiction: Ancillary Companies, Disclosure to rated entity, Disclosure from rated entity.
The rankings have been disclosed to the rated entity or its designated agent(s) and issued with no modification ensuing from that disclosure.
These rankings are solicited. Please confer with Moody’s Coverage for Designating and Assigning Unsolicited Credit score Scores accessible on its web site www.moodys.com.
Regulatory disclosures contained on this press launch apply to the credit standing and, if relevant, the associated score outlook or score evaluate.
Moody’s normal rules for assessing environmental, social and governance (ESG) dangers in our credit score evaluation may be discovered at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1243406.
Please see www.moodys.com for any updates on adjustments to the lead score analyst and to the Moody’s authorized entity that has issued the score.
Please see the rankings tab on the issuer/entity web page on www.moodys.com for added regulatory disclosures for every credit standing.
Dirk Goedde Asst Vice President - Analyst Company Finance Group Moody's Deutschland GmbH An der Welle 5 Frankfurt am Predominant 60322 Germany JOURNALISTS: 44 20 7772 5456 Consumer Service: 44 20 7772 5454 Christian Hendker, CFA Affiliate Managing Director Company Finance Group JOURNALISTS: 44 20 7772 5456 Consumer Service: 44 20 7772 5454 Releasing Workplace: Moody's Deutschland GmbH An der Welle 5 Frankfurt am Predominant 60322 Germany JOURNALISTS: 44 20 7772 5456 Consumer Service: 44 20 7772 5454
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