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19.09.2016 23:58:00
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Jo-Ann Stores LLC. -- Moody's rates the proposed $850 million Jo-Ann Stores LLC's secured term loan B1
New York, September 19, 2016 -- Moody's Investors Service, ("Moody's") today assigned a B1 rating to Jo-Ann Stores LLC's$850 million secured term loan. The unsecured operating notes have been downgraded from B3 to Caa1. All other ratings including the Jo-Ann Stores Holdings Inc.'s ("Jo-Ann") Corporate Family Rating of B2 have been affirmed. The rating outlook is stable.
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