New York, August 7 (FinanceEnquiry.com) – Analysts at Moody’s Investors Service has changed the outlook to positive for the Ba3 Corporate Family Rating and all debt instrument ratings of Nielsen Holdings NV (NYSE: NLSN) and its subsidiaries.
In a research note published yesterday, the analysts mention that the positive outlook indicates Moody’s expectation that Nielsen will continue to apply growing discretionary cash flows towards debt repayment matching with its stated objective in order to reduce the Net debt/EBITDA ratio by 0.5x per year.
Due to term debt reductions in the first half of 2012, which were offset by temporary revolver drawings, Moody’s assumes that the company would use part of its second half cash flow generation to prepay debt where possible.
The company is active in almost 100 countries and has its headquarters in Diemen, the Netherlands and New York, USA. Neilsen Holdings NV is a global information and measurement company with market leadership positions and solid brands, the analysts say.
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