Commentary & Deal Flow

Moody's/Fitch rate Viridien SA (fka CGG SA) (VIRIFP) US$950m equivalent (US$/EUR) 144A/Reg S sr sec notes 2-part B2/BB- (stable/stable). Via JPM (US$ B&D)/MS (EUR B&D)+. Moody's also upgraded the existing Corporate Family Rating to B2 from B3.