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Moody's Revises Clear Channel Outlook & Prognosis Is Negative

R

radio_pimp

As reported by Reuters, Moody's Investors Service yesterday revised the outlook on Clear Channel Communication’s debt ratings to "negative" from "review for possible downgrade."

Clear Channel's rating from Moody's is the lowest investment grade at "Baa3" on the company's senior unsecured debt. A cut would have pushed them down to junk status.

Discuss.
 
WHAT THE?)()(!@!

> As reported by Reuters, Moody's Investors Service yesterday
> revised the outlook on Clear Channel Communication’s debt
> ratings to "negative" from "review for possible downgrade."
>
>
> Clear Channel's rating from Moody's is the lowest investment
> grade at "Baa3" on the company's senior unsecured debt. A
> cut would have pushed them down to junk status.
>
> Discuss.
>
What does this have to do with anything really? Beer anyone? If you arent happy,please light one up or change the channel. My frijoles are almost done. Rolling Rock anyone?
 
Re: WHAT THE?)()(!@!

> What does this have to do with anything really?

Not much, really. To keep things in perspective, this is NOT S&P. Further, let us not forget that both GM and Ford were downgraded all the way to junk in May. And, both those companies continue to operate, despite the fact that their positions are far worse than CC's is.

If the downgrade continues, in the short term, it could make borrowing more difficult and more costly, but, that's about it.

Still, CC will be facing some discomfort as interest rates rise.

> Beer anyone?

Got anything foreign?

DE
 
Re: WHAT THE?)()(!@!

> > What does this have to do with anything really?
>
> Not much, really. To keep things in perspective, this is
> NOT S&P. Further, let us not forget that both GM and Ford
> were downgraded all the way to junk in May. And, both those
> companies continue to operate, despite the fact that their
> positions are far worse than CC's is.
>
> If the downgrade continues, in the short term, it could make
> borrowing more difficult and more costly, but, that's about
> it.
>
> Still, CC will be facing some discomfort as interest rates
> rise.
>
> > Beer anyone?
>
> Got anything foreign?
>
> DE
>


I'll take any free beer - not picky here
 
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