 Moodys Investors Service, Moodys has today downgraded the corporate family rating CFR of the Dutch building materials distributor BME Group Holding B.V. BME to B3 from B2 and the probability of default rating PDR has been downgraded to B3-PD from B2-PD. Concurrently, the instrument rating on E700 million 1st lien senior secured term loan B TLB, E280 million 1st lien senior secured term loan A TLA and E195 million 1st lien senior secured revolving credit facility RCF was downgraded to B2 from B1 while the rating on E218 million 2nd lien senior secured TLB was downgraded to Caa2 from Caa1. 