CEVA Logistics AG
CEVA Logistics AG: CEVA Logistics’ credit rating upgraded by Moody’s by four notches to B1
CEVA Logistics AG / Key word(s): Rating
CEVA Logistics’ credit rating upgraded by Moody’s by four notches to B1 Baar, Switzerland, 16 May 2018 — CEVA Logistics AG (“CEVA”) announces that Moody’s Investors Service (“Moody’s”) has today upgraded the Group’s Corporate Family Rating to B1 following the successful IPO on SIX Swiss Exchange on 4 May 2018. The upgrade by four notches reflects the improved financial position and free cash flow generation as a result of the IPO as well as the ongoing improvements in operating performance. Moody’s has also upgraded the instrument ratings on the existing debt facilities. For more information, please contact: CEVA – Making business flow End of ad hoc announcement
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