London, 27 August 2015 -- Moody's Investors Service has today upgraded German DIY-store chain Hornbach Baumark AG's (Hornbach) Corporate Family Rating (CFR) to Ba1 from Ba2. Concurrently, Moody's has upgraded the company's Probability of Default Rating (PDR) to Ba1-PD from Ba2-PD and the senior unsecured rating on the EUR250 million notes due in 2020, to Ba1 from Ba2. The outlook on all ratings is stable.
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