Cinram Hit By Moody’s Downgrade

Moody’s Investors Service announced that it has downgraded the corporate family rating (CFR) and probability of default ratings (PDR) of Cinram International Inc. to Caa3 from Caa1 and Caa2 respectively. Additionally, Moody’s has lowered Cinram’s speculative grade liquidity rating to SGL-4 (poor) from SGL-3 (adequate) and revised the ratings outlook to negative from stable.