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24.07.2015 17:58:00

Technicolor S.A. -- Moody's affirms Technicolor's CFR at B1; stable outlook

London, 24 July 2015 -- Moody's Investors Service has today affirmed Technicolor S.A.'s (Technicolor) corporate family rating (CFR) at B1, probability of default rating (PDR) at B1-PD, and the B1 rating for the senior secured term loan issued by Tech Finance & Co S.C.A. The rating affirmation follows the company's announcement that it has entered into an agreement with Cisco Systems, Inc. (A1 / stable) to acquire its Connected Devices Division for a total consideration of EUR 550 million. The outlook remains stable.

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