Barry Callebaut AG -- Moody's downgrades Barry Callebaut's ratings to Ba1; stable outlook

London, 08 May 2013 -- Moody's Investors Service has today downgraded the long-term issuer rating of Barry Callebaut AG (Barry Callebaut) to Ba1 from Baa3. At the same time, Moody's has converted the rating into a corporate family rating (CFR) and probability of default rating (PDR), in line with the rating agency's practice for issuers that have migrated into speculative grade. Concurrently, Moody's has downgraded to Ba1, with a loss given default (LGD) assessment of LGD4, from Baa3 the ratings of the combined EUR600 million of senior unsecured notes issued by Barry Callebaut's fully owned and guaranteed subsidiary Barry Callebaut Services NV. The outlook assigned to the ratings is stable.

Vollständigen Artikel bei Moodys lesen