Standard & Poor’s announced that it has lowered its ratings on Cinram International Inc. (Cinram), including the long-term corporate credit rating to ‘B-‘ from ‘B’. In addition, it placed Cinram’s ratings on CreditWatch with negative implications.

According to the statement, Standard & Poor’s rating actions are a direct result of Warner Home Video terminating its long term service agreements with Cinram effective July 31, 2010.

For more information visit: www.standardandpoors.com