15.03.2016 17:21:00
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Saga Plc -- Moody's upgrades Saga's senior secured debt rating by one notch to Ba1, stable outlook.
London, 15 March 2016 -- Moody's Investors Services today upgraded Saga Plc's (Saga) corporate family rating (CFR) to Ba1 from Ba2 and probability of default rating (PDR) to Ba2-PD from Ba3-PD. Consequently, Moody's also upgraded Saga MidCo Limited's instrument ratings on the Term Loan A and Revolving Credit Facility (RCF) to Ba1 from Ba2. The outlook is stable.