Moody's Raised Its Safilo Rating

Moody's raised its outlook on Safilo Group SpA (BIT:SFL) to "positive", keeping the B3 corporate family rating (CFR) and probability of default rating (PDR), citing improved operating performance in the first nine months of 2011. Moody's also affirmed the Caa2 rating on EUR128m (USD172.6m) of notes outstanding, due in 2013 and issued by Safilo Capital International SA, the rating agency said in a statement. Read more.