London, 26 February 2015 -- Moody's Investors Service has today changed the outlook on Rexel SA's (Rexel) ratings to stable from negative. Moody's has concurrently affirmed Rexel's existing ratings including its Ba2 corporate family rating (CFR), Ba2-PD probability of default rating, Ba3 ratings on the company's senior unsecured notes due December 2018, 2019 and 2020, and the NP short-term rating of the company's EUR500 million commercial paper programme.
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