London, 20 October 2016 -- Moody's Investors Service, ("Moody's") has today upgraded Nassa Finco AS' (Nets or the company) corporate family rating (CFR) to Ba2 from B2 and probability of default rating (PDR) to Ba2-PD from B2-PD. Concurrently, Moody's has upgraded to Ba2 from B2 the instrument ratings on the senior secured bank facilities issued by Nassa Midco AS and Nets Holding A/S, both subsidiaries of the company. The outlook on all ratings is stable. This rating action concludes the review for upgrade initiated on 15 September 2016.

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