London, 13 October 2015 -- Moody's Investors Service, ("Moody's") today has upgraded Ontex Group NV's ('Ontex' or the 'company') corporate family rating (CFR) to Ba2 from Ba3 and probability of default rating (PDR) to Ba2-PD from Ba3-PD. At the same time Moody's has upgraded the instrument rating to Ba2 from Ba3 for the EUR250 million senior secured notes, the EUR380 million senior secured first-lien facility, and the EUR100 million senior secured revolving credit facility (RCF) issued by Ontex Group NV. The outlook is stable.
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