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Promontoria Holding 264 B.V. -- Moody's assigns B2 corporate family rating to Promontoria following closing of acquisition by Cerberus

Moody's Investors Service ("Moody's") has today assigned a B2 corporate family rating to Promontoria Holding 264 B.V. (Promontoria) following the acquisition of the group by funds controlled by private equity firm Cerberus. Moody's has also affirmed the B2 rating of the EUR660 million senior secured notes issued by Promontoria. Concurrently, Moody's withdrew the B3 corporate family rating (CFR) and the B3-PD probability of default rating (PDR) of WFS Global Holding S.A.S. The B3 rating of its existing EUR375m Senior Secured Notes and the Caa2 rating of its existing EUR140m Senior Unsecured Notes are unchanged, we expect them to be withdrawn upon planned repayment.