London, 19 July 2016 -- Moody's Investors Service, ("Moody's") has today assigned a first-time B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR) to Flamingo SAS, future parent company of Foncia Holding SAS group ("Foncia"). Consequently, Moody's has assigned (P)B2 ratings to EUR803 million 7-year senior term loan B, EUR50 million 7-year senior acquisition / capex facility and EUR150 million 6-year revolving credit facility (RCF) borrowed within Foncia group. The outlook on all ratings is stable.

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