Spie: Moody’s raised its rating to ‘Ba3′, stable outlook. – Zonebourse.com

Moody’s Investors Service said Wednesday it raised to ‘Ba3′, against ‘B2′ above, his note on CFR Spie BondCo 3 subsidiary Spie originally obligations of the group.

The precise rating agency have assigned parallel note ‘Ba3′ Spie SA, the publicly listed entity of the engineering group.

In a statement, Moody’s explains that his recovery follows the positive watch that had been committed early June following the IPO.

‘Today we are two notches note called’ corporate family rating ‘(CFR) Spie since the IPO resulted in a material reduction of the group’s debt with credit ratios consistent with those we had prepared for an increase, “explains Andrey Bekasov, Moody’s analyst.

The outlook assigned to the ratings remains ‘stable’.

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