Standard & Poor’s Ratings Services announced that it has lowered its long-term corporate credit rating of Cinram International Inc. from ‘CC’ (highly vulnerable) to ‘D’ (default). Additionally, Standard & Poor’s has lowered its issue-level rating on Cinram’s senior bank facility to ‘D’ from ‘CC’.
Standard & Poor’s Ratings Services announced that it has lowered its long-term corporate credit rating of Cinram International Inc. three levels from ‘CCC+’ to ‘CC.’ Additionally, Standard & Poor’s has lowered its issue-level rating on Cinram’s senior secured debt to ‘CC’ from ‘CCC+’ (recovery rating remains at ‘4’) and placed all Cinram ratings on CreditWatch …
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.
Standard & Poors (S&P) announced that, after the close of trading on December 9, 2009, AOL Inc. (NYSE:AOL) has replaced Imation Corp. (NYSE:IMN) in its S&P MidCap 400 index.