London, 07 October 2016 -- Moody's Investors Service has today changed the outlook on all of Photonis Technologies SAS (Photonis) ratings to negative from stable. Concurrently, Moody's affirmed the B2 corporate family rating (CFR), B2-PD probability of default rating (PDR) and B2 instrument rating on the senior secured term loans and Ba2 instrument rating on the super senior revolving credit facility.

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