London, 28 November 2014 -- Moody's Investors Service, ("Moody's") has today upgraded the corporate family rating (CFR) of Ciech SA (Ciech, or the company) to B1 from B2, the probability of default rating to B1-PD from B2-PD and the instrument rating on the EUR245 million of senior secured notes issued by Ciech Group Financing AB due in 2019 to B1 from B2. The outlook remains stable.
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