London, 19 November 2013 -- Moody's today placed the ratings of Cyfrowy Polsat S.A.'s ("Polsat"); CFR at Ba2, PDR at Ba2-PD and the Ba2 ratings of the senior secured notes due 2018 (issued by Cyfrowy Polsat Finance AB) under review for downgrade. The rating action follows the announcement that Polsat has entered into a conditional investment agreement to essentially acquire at least 83.8% of Metelem Holding Company Limited, which owns 100% of Polish mobile operator Polkomtel Sp. Zo.o. (B1 CFR under review for upgrade).
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