03.12.2013 22:40:00
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Clear Channel Communications, Inc. -- Moody's assigns Caa1 rating to Clear Channel Communications new term loan E; rating for the Senior Unsecured notes are unchanged following add on exchange offer
New York, December 03, 2013 -- Moody's Investors Service (Moody's) assigned a Caa1 rating to Clear Channel Communications, Inc.'s (Clear Channel) proposed $1 billion Term Loan E due July 2019. The Ca rating for the Senior Unsecured Notes due February 2021 is unchanged following the add on exchange offer. Clear Channel's Corporate Family Rating (CFR) is also unchanged at Caa2. The outlook remains Stable.