15.11.2016 21:55:00
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Metro-Goldwyn-Mayer Inc. -- Moody's upgrades Metro-Goldwyn-Mayer Inc.'s CFR to Ba1; Outlook Stable
New York, November 15, 2016 -- Moody's Investors Service upgraded Metro-Goldwyn-Mayer Inc.'s ("MGM") Corporate Family rating (CFR) to Ba1 from Ba2 and Probability of Default rating to Ba1-PD from Ba2-PD. Concurrently, Moody's assigned a Ba1 (LGD3) rating to the company's amended and restated $1 billion first lien senior secured revolving credit facility due June 25, 2021. The rating outlook is stable.