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03.03.2016 19:00:00
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Gibson Brands, Inc. -- Moody's downgrades Gibson's CFR to Caa1; rating outlook is negative
New York, March 03, 2016 -- Moody's Investors Services ("Moody's") downgraded Gibson Brands ("Gibson") CFR to Caa1 from B3 due to the company's weak operating results pushing credit metrics below Moody's expectations. This action concludes a review for downgrade that was initiated on December 22, 2015. The rating outlook is negative.
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