07.02.2013 13:55:00
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JCDecaux S.A. -- Moody's assigns Baa2 rating to JCDecaux's new EUR 500 million bond
London, 07 February 2013 -- Moody's Investors Service today assigned a Baa2 rating to JCDecaux S.A.'s new EUR 500 million senior unsecured notes due 2018. Bond proceeds will be used for general corporate purposes, and we expect JCDecaux to use a portion of the proceeds to repay the EUR 195 million of Private Placement debt maturing in April 2013. JCDecaux's Baa2 Issuer Rating remains unchanged. The rating outlook remains stable