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16.09.2016 19:29:00
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Floatel International Ltd -- Moody's affirms Floatel at Caa1; outlook revised to stable
London, 16 September 2016 -- Moody's Investors Service, ("Moody's) has today affirmed Floatel International Ltd's ("Floatel" or "the company") Corporate Family Rating (CFR) of Caa1 and Probability of Default Rating (PDR) of Caa1-PD. Concurrently, Moody's has affirmed the Caa1 rating on the company's $650 million senior secured term loan B due 2020 borrowed by Floatel. The outlook on all ratings is revised to stable from negative.
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