London, 19 April 2016 -- Moody's Investors Service (Moody's) has today upgraded to Ba3 from (P)B1 the senior secured ratings assigned to London-based retailer Bestway UK Holdco Limited's (Bestway UK) for the Term Loan A due 2020, Term Loan B due 2021 and revolving credit facility (RCF) due 2019. Concurrently, Moody's has affirmed Bestway UK's B1 corporate family rating (CFR) and has upgraded the PD Probability of Default rating (PDR) to B1-PD from B2-PD. The outlook on the ratings is stable.
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