Wind Telecomunicazioni S.p.A. -- Moody's places Wind's ratings (CFR at B1) on review for downgrade following refinancing announcement and expected increase in leverage

London, 21 March 2014 -- London -- Moody's today placed the ratings of Wind Telecomunicazioni S.p.A. (Wind) and Wind Acquisition Finance S.A. - Wind Telecomunicazioni S.p.A.'s CFR at B1; PDR at B1-PD and senior secured notes at Ba3 and Wind Acquisition Finance S.A. senior notes at B3 and senior secured notes at Ba3 -- under review for downgrade. The rating action follows the company's announcement that it had sought approval from its senior facilities' lenders paving the way for a PIK refinancing transaction that will result in the company incurring additional junior debt at the restricted group level for refinancing of the PIK notes and existing senior notes.

Vollständigen Artikel bei Moodys lesen