Frankfurt am Main, May 19, 2014 -- Moody's Investors Service, ("Moody's") has today assigned a B2 corporate family rating (CFR), a B2-PD probability of default rating to Galapagos Holding S.A. ("Galapagos") as well as a provisional (P)Caa1 rating to the planned EUR250 million senior notes issued by Galapagos Holding S.A. At the same time Moody's has assigned provisional (P)B1 ratings to the planned EUR525 million senior secured fixed and floating rate notes issued by Galapagos S.A., a fully owned subsidiary of Galapagos Holding S.A.. The outlook on all ratings is stable.

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