London, 20 May 2015 -- Moody's Investors Service has today affirmed the B2 corporate family rating (CFR) and the probability of default rating (PDR) of B2-PD for BSN Medical Luxembourg Group Holding S.a.r.l. (BSN or the Group). Concurrently, Moody's has downgraded the instrument rating on the EUR721 million equivalent Senior Secured Term Loan B (TLB), EUR50 million Revolving Credit Facility (RCF) and EUR94 millionCapex/Acquisition Facility to B1 from Ba3 and issued a new instrument ratings of B1 on the new EUR360 million Term Loan C (TLC) and EUR50 million Revolving Credit Facility B (which will replace the existing RCF). The instrument ratings are assigned at BSN Medical Luxembourg Finance Holdings S.a.r.l.. The outlook on all ratings, which assume that the Group's refinancing closes as planned, is stable.

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