Moody’s has assigned a rating of Baa2, stable outlook, to the new tranche of debt KEY1 and confirmed the rating of corporate Eurotunnel to Baa2, with a stable outlook.
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S&P has assigned the notes Preliminary BBB+, stable outlook, to the new tranche of the debt KEY.
Fitch has assigned the notes Expected to BBB, stable outlook, to the new tranche of the debt KEY.
Fitch and S&P confirm their opinion final once the pricing has occurred.
Important Notes:
This announcement does not constitute an offer to sell or purchase nor the solicitation of an offer for the purchase or sale of securities in the United States or in any territory in which this type of offer or solicitation would be illegal.
1 The issuer of this new debt is Channel Link Enterprises Finance plc (CLEF). The products of the issuance of these bonds will be used by Eurotunnel to refinance the tranches floating current in both the euro and british pound, to pay the cost of breaking the hedging and transaction costs associated with it.
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