Frankfurt am Main, September 17, 2015 -- Moody's Investors Service has today changed the outlook on Technicolor S.A.'s (Technicolor) ratings to positive from stable and has affirmed concurrently the B1 ratings of the group. The change in outlook reflects the group's most recent acquisitions (including The Mill and Cisco's Connected Devices division) as well its intention to launch a EUR225 million capital increase (by way of rights issue) as part of a combined debt and equity financing package. The affirmed ratings include the B1 corporate family rating (CFR), the B1-PD probability of default rating (PDR) and the B1 rating for the senior secured term loans issued by Tech Finance & Co S.C.A.. The outlook on Tech Finance & Co S.C.A.'s ratings has also been changed to positive from stable.

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