Frankfurt am Main, June 15, 2015 -- Moody's Investors Service has today assigned a definitive B1 (LGD 3) rating to the EUR400 million equivalent Senior Secured Notes, which have been issued by Progroup AG and contain a fixed rate and a floating rate tranche. Moody's also assigned a definitive Caa1 (LGD 6) rating to the EUR125 million PIK Toggle Notes issued by JH-Holding Finance SA. The B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR) of JH-Holding GmbH, the ultimate parent company of Progroup as well as the stable outlook remain unchanged.

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