14.03.2016 17:02:00
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Sappi Papier Holding GmbH -- Moody's assigns Ba2 rating to Sappi's EUR350 million notes issuance
Frankfurt am Main, March 14, 2016 -- Moody's Investors Service, ("Moody's") has today assigned a Ba2 rating to the proposed issuance of EUR350 million non-call-3-year senior secured notes due in 2023, by Sappi Papier Holding GmbH, a direct subsidiary of Sappi Limited ("Sappi" or "the company"). The group's Ba3 corporate family rating and all other instrument ratings remain unchanged. The outlook on all ratings is stable.