New York, March 10, 2015 -- Moody's Investors Service, ("Moody's") assigned a Ba2 rating to Millicom International Cellular, S.A. (Millicom)'s up to USD500 million unguaranteed senior unsecured notes and changed the outlook to stable from negative. At the same time, Moody's affirmed Millicom's Ba1 corporate family rating. The notes will be pari passu with all other senior unsecured debt of Millicom. Funds will be used primarily to refinance debt at the operating level as well as for general corporate purposes. The change in outlook reflects Moody's expectation for ongoing operating stability following the recent integration of UNE as part of Millicom's Colombia-based subsidiary. At the same time, the proposed notes due in 2025 will enhance Millicom's debt profile.

Vollständigen Artikel bei Moodys lesen