English

Moody’s assigned Motor Fuel Group’s CFR as B2

Deniz Kılınç / İstanbul, May 7 (DHA) 07.05.2018 09:30
Moody’s assigned Motor Fuel Group’s CFR as B2

Moody’s Investor’s Service has assigned Motor Fuel Group’s corporate family rating as B2.

Moody’s has also rated the company’s probability of default rating (PDR) as B2-PD and GBP 1,196 million senior secured facilities (maturing in 2025 as well as to the GBP 230 million Revolving Credit Facility and to the GBP 50 million Letter of Credit Facility both due in 2024) as B1.

While the outlook on all ratings are depicted as stable, Moody’s Senior Credit Officer and lead analyst for MFG evaluated the announcement as follows: "The B2 rating reflects MFG's material leverage coupled with execution risks linked to the scale of the acquisition and delivery of the synergies. However, the business has strong cash flow dynamics and we acknowledge that management has significant experience operating on a leveraged basis in a market they know very well, and an excellent track record for successfully integrating historic acquisitions."


EN ÇOK OKUNANLAR

Dışişleri Bakanlığı'ndan Kerç Boğazı açıklaması

EN YENİLER

Dışişleri Bakanlığı'ndan Kerç Boğazı açıklaması
Apartmana yayılan kötü koku ortaya çıkardı
17 yaşındaki genç av tüfeğiyle dehşet saçtı: Çok sayıda yaralı var
Muğla'da korkutan deprem
Babası ile birlikte gittiği bağ evinde kayboldu
Daha fazla beğeni almak için bunu da yaptılar
10'u tutuklandı, 12'si ise itirafçı oldu
Piknik faciası! 15 yaşındaki öğrencisiyle birlikte...
Boluspor - Galatasaray: 0-1
1

Dışişleri Bakanlığı'ndan Kerç Boğazı açıklaması