08.03.2016 22:28:00
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Moody's says iHeart's receipt of a Notice of Default from debt holders will not change the ratings
New York, March 08, 2016 -- Moody's Investors Service (Moody's) says iHeartCommunications, Inc.'s (iHeart) receipt of a Notice of Default on March 7, 2016 from holders of at least 25% of the outstanding principal amount of four of the company's Priority Guarantee Notes will not change the existing ratings including the Caa2 CFR and Caa1 PGN rating.