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Moody’s Upgrades Safilo Group SpA's Long Term Rating with Positive Outlook

Monday, 27 May 2013 05:04am EDT 

Safilo Group SpA announced that on May 24, 2013, Moody’s communicated that it upgraded Safilo’s long-term corporate credit rating (Corporate Family Rating) and the probability of default rating (PDR) from B3 to B2, reflecting Safilo’s ability in weathering the impact of the loss of its license agreement with Armani, improving its liquidity profile and maintaining its profitability at satisfactory levels during fiscal year 2012 and the first three months of fiscal year 2013. Moody’s also affirmed a positive outlook. 

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