14.07.2016 15:26:00

Avanti Communications Group plc -- Moody's downgrades Avanti's ratings to Ca from Caa1; negative outlook

London, 14 July 2016 -- Moody's Investors Service ("Moody's") has today downgraded the Corporate Family Rating ("CFR") and the senior secured bond ratings of Avanti Communications Group plc ("Avanti") to Ca from Caa1 as well as its Probability of Default Rating ("PDR") to Ca-PD from B3-PD. The outlook on all ratings is negative.

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