Toronto, January 07, 2014 -- Moody's said CHC Group Ltd's (unrated) initial public offering (IPO), commenced yesterday, is credit positive for its subsidiary, 6922767 Holding Sarl ("CHC", B2/ stable) because a portion of the net proceeds will be used to reduce the company's debt and strengthen its liquidity. The magnitude of the expected improvement to the company's leverage and cash flow to debt ratios, however, is modest so its ratings are unaffected.
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