London, 05 December 2014 -- Moody's Investors Service today assigned a B2 Corporate Family Rating (CFR) and a B2-PD Probability of Default rating (PDR) to Auris Luxembourg II S.A., the holding company for Siemens Audiology Solutions and its subsidiaries ("SAS" or "the company"). The company is indirectly majority-owned by funds managed by EQT Partners AB, as well as by Santo Holding GmbH and management. Concurrently, Moody's has assigned a provisional (P)B1 rating to the new EUR745 million senior secured loans and the EUR75 million revolving credit facility (RCF), which are borrowed at Auris Luxembourg III S.à r.l., and a provisional (P)Caa1 rating to the proposed EUR315 million notes due 2023, which will be issued at Auris Luxembourg II S.A.. The rating outlook is stable.

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