London, 23 May 2014 -- Moody's Investors Service has today affirmed ION Trading Technologies Limited's (ION Trading) B3 CFR and B3-PD PDR. Concurrently, Moody's has assigned a (P)B2 rating to the new USD 40 million revolving credit facility (RCF) maturing 2019, and to the USD 400 million and to the EUR 300 million First Lien Term Loans maturing 2021. Moody's has also assigned a (P)Caa2 rating to the new USD 293 million Second Lien Term Loan maturing 2022. The new debt facilities are all issued by ION Trading Technologies S.a.r.l and will be used to refinance the group's existing debt. The ratings outlook has also been changed to positive from stable.
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