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16.09.2013 22:07:00
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Penton Business Media, Inc. -- Moody's places Penton's CFR on review for upgrade due to proposed refinancing; assigns ratings to new bank debt
New York, September 16, 2013 -- Moody's Investors Service (Moody's) placed the Caa1 corporate family rating (CFR) and Caa1-PD probability of default rating (PDR) of Penton Business Media Holdings, Inc (Penton) on review for upgrade following the proposed debt refinancing. Upon closing of the transaction and review of final documentation, Moody's expects to raise the CFR to B3 from Caa1 and change the outlook to stable.
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