Moody's Investors Service, ("Moody's") has today assigned a new corporate family rating (CFR) of Ba1 to ADO Properties S.A. ("ADO") Concurrently, the senior unsecured rating of ADO was downgraded to Ba1 from Baa3. Moody's has withdrawn ADO's issuer rating of Baa3 following its downgrade to Ba1, as per the rating agency's practice for corporates with non-investment-grade ratings.