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08.12.2015 22:03:00
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Clear Channel International B.V. -- Moody's downgrades Clear Channel Worldwide CFR to B3 from B2; outlook stable
New York, December 08, 2015 -- Moody's Investors Service downgraded Clear Channel Worldwide Holdings, Inc.'s (CCW) corporate family rating (CFR) to B3 from B2. The series A & B senior notes due 2022 were downgraded to B2 from B1 and the series A & B senior subordinated notes due 2020 were downgraded to Caa1 from B3. The proposed $225 million of senior notes due 2020 by subsidiary Clear Channel International B.V. was assigned a B2 rating. The outlook is stable.
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