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Moodys

Rating Action: Moodys assigns B2 CFR to Poseidon BidCo S.A.S (TSS); outlook stableGlobal Credit Research - 11 Aug 2022Paris, August 11, 2022 -- Moodys Investors Service (Moodys) has today assigned a B2 corporate family rating (CFR) and B2-PD probability of default rating (PDR) to Poseidon BidCo S.A.S (TSS or the company). Concurrently, Moodys has assigned B2 ratings to the proposed €250 million senior secured multi-currency revolving credit facility (RCF) due 2028 and the proposed €1.050 billion senior secured term loan B due 2028. The outlook on the ratings is stable."TSS benefits from a leading position in the global point-of-sale (POS) terminal market, which, in combination with its solid technological know-how, should permit the company to tap into growth opportunities", said Fabrizi...