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06.11.2014 22:45:00
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Columbus International Inc. -- Moody's places Columbus' ratings on review for upgrade
New York, November 06, 2014 -- Moody's Investors Service ("Moody's") has today placed on review for upgrade Columbus International Inc. ("Columbus")'s B2 corporate family rating (CFR) and the B2 debt ratings of its USD 1.25 billion senior unsecured notes maturing in 2021. The action follows today's announcement that Columbus has entered into a definitive agreement to be acquired by Cable & Wireless Communications Plc. (CWC, Ba2 negative) in a transaction totaling USD 3 billion.
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