Rating Action: Moody's downgrades The McClatchy Company's PDR to D-PD upon bankruptcy filing. Global Credit Research- 14 Feb 2020. New York, February 14, 2020-- Moody's Investors Service downgraded McClatchy's probability of default rating to D-PD from Ca-PD upon the company's commencement of voluntary bankruptcy proceedings through a plan of reorganization under Chapter 11 of the United States Bankruptcy Code.
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...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of McClatchy Company. Global Credit Research- 27 Aug 2019. New York, August 27, 2019-- Moody's Investors Service has completed a periodic review of the ratings of McClatchy Company and other ratings that are associated with the same analytical unit.
Moody's Investors Service, ("Moody's") affirmed the Corporate Family Rating for The McClatchy Company ("McClatchy") at Caa1 and assigned B1 rating to $310 million in new Senior Secured First Lien Notes due 2026, which together with additional debt raised are refinancing exist...
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