Commentary & Deal Flow

S&P rates B&M European Value Retail SA (BMELN) GBP250m Reg S sr sec notes due 2030 (7y) BB+ (stable, revised from positive). Via HSBC+. S&P also upgraded the issuer long term credit rating and existing sr sec debt to BB+ from BB. Earlier today Moody's rated the new sr sec notes Ba1 (stable) and upgraded the  long-term Corporate Family rating and existing sr sec debt to Ba1 from Ba2.