Moody's Ratings withdraws Salem Media Group, Inc.'s ratings following debt repayment
Moody's Ratings (Moody's) has withdrawn Salem Media Group, Inc.'s (Salem) Caa3 Corporate Family Rating (CFR), Caa3-PD Probability of Default Rating (PDR), SGL-4 Speculative Grade Liquidity Rating (SGL) and the Caa3 ratings on the senior secured notes. The outlook prior to the withdrawal was stable. ...SalMar is a producer of Atlantic salmon and is integrated from roe and smolt to products and sales. Co. has farming operations in Central and Northern Norway, as well as in Scotland. Co. has operating licences for marinephase fish farms and hatcheries in central Norway and Troms County. Co. has 66 licences for production of farmed Atlantic salmon in Norway: 53 in central Norway (More & Romsdal, South and North Trondelag) and 13 in northern Norway (Troms)
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