Moody's downgrades YP to Caa1, outlook negative
New York, February 08, 2017-- Moody's Investors Service, has downgraded the corporate family rating of YP Holdings LLC to Caa1 from B2 and changed the outlook to negative based primarily on the acceleration of revenue erosion in YP's digital advertising segment. Today's action also reflects Moody's view that YP's weakening operating performance will weigh heavily upon its efforts to refinance its term loan and revolver which mature in June 2018. Moody's has also downgraded...
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