Moody's downgrades McClatchy's CFR to Ca, outlook is stable
Rating Action: Moody's downgrades McClatchy's CFR to Ca, outlook is stable. Global Credit Research- 30 Oct 2019. New York, October 30, 2019-- Moody's Investors Service downgraded the Corporate Family Rating for The McClatchy Company to Ca from Caa1, and the Probability of Default Rating to Ca-PD from Caa1-PD primarily due to concerns regarding the company's liquidity position in light of the pending pension plan payments of approximately $120 million in 2020. The liquidity...
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