London, 20 June 2014 -- Moody's Investors Service has today upgraded the corporate family (CFR) and probability of default (PDR) ratings of Norcell Sweden Holding 2 AB (publ) ("Com Hem" or "the company") to B1 (from B2) and to B1-PD (from B2-PD). Concurrently, Moody's has also upgraded the rating on the company's EUR287 million senior notes (due 2019) to B3 from Caa1 and the rating on the SEK3.4 billion senior secured notes (due 2018) at Norcell Sweden Holding 3 AB (publ) to Ba3 from B1. The rating outlook for Com Hem and its rated group companies is positive.

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