London, 13 October 2015 -- Moody's Investors Service has today affirmed the B1 corporate family rating (CFR) and the B1-PD probability of default rating (PDR) of Iglo Foods Finco Limited (Iglo Foods or the company), following the company's decision to acquire Findus' continental European business. Moody's also assigned a B1 rating to the new EUR 285 million senior secured term loan at Iglo Foods Midco Limited, which is used to partially fund the transaction. Concurrently, Moody's affirmed the B1 ratings on the senior secured term loans and revolving credit facility (RCF), also at Iglo Foods Midco Limited, as well as the B1 rating on the floating rate notes at Iglo Foods BondCo Plc. The outlook on all ratings remains stable.

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