London, 17 August 2015 -- Moody's Investors Service (Moody's) today placed the Ba2 corporate family rating (CFR) and the Ba2-PD Probability of Default Rating (PDR) of Tereos ("Tereos" or "the company") under review for possible downgrade, as well as the Ba3 senior unsecured rating of the EUR500 million bond issued at Tereos Finance Group 1, guaranteed by Tereos and maturing in 2020. The action follows Tereos' recent weakening performance, and Moody's views that Tereos' credit metrics may remain sustainably weaker than expected by Moody's for the Ba2 rating category.

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