17.06.2014 21:55:00
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Suedzucker AG -- Moody's downgrades Suedzucker's ratings to Baa2; stable outlook
London, 17 June 2014 -- Moody's Investors Service has today downgraded to Baa2 from Baa1 the issuer long-term ratings of Suedzucker AG ('Suedzucker' or 'the group') and assigned a Baa2 backed issuer rating to its wholly owned subsidiary Suedzucker International Finance B.V. Moody's has also downgraded to Ba2 from Ba1 Suedzucker International Finance B.V.'s junior subordinated rating. Concurrently, Moody's has affirmed the Prime-2 (P-2) short-term commercial paper rating of Suedzucker and Suedzucker International Finance. The outlook on all the ratings is stable.