New York, March 14, 2016 -- Moody's Investors Service today assigned a Caa1 rating on Boardriders SA's ("Boardriders") EUR136 million 9.5% Senior Notes due 2020 ("2020 Exchange Notes"). At the same time, Moody's upgraded Boardriders' Corporate Family Rating ("CFR") to Caa1 from Caa2 and its Speculative Grade Liquidity Rating ("SGL") to SGL-3 from SGL-4. The Caa2 rating on the company's 8.875% Senior Notes due 2017 ("Existing 2017 Notes") was affirmed. The ratings outlook is stable.
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