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Ei Group Plc -- Moody's upgrades Ei Group Plc to B1; outlook stable

Moody's Investors Service (Moody's) has today upgraded Ei Group Plc's (EIG) Corporate Family Rating (CFR) to B1 from B2. Moody's also affirmed the B1 rating of the company's GBP275 million senior secured bond due in 2031. At the same time Moody's withdrew the company's B3-PD probability of default rating (PDR) because this rating is no longer applicable under the relevant methodology.