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17.06.2013 22:10:00
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Steinway Musical Instruments, Inc. -- Moody's says Steinway's ratings will be withdrawn upon completion of the redemption of its notes
New York, June 17, 2013 -- Moody's said Steinway's announcement on 14 June that it will redeem for cash all outstanding 7.0% Senior Notes due 2014 (roughly $68 million) is positive for Steinway's credit profile, but that Steinway's ratings will be withdrawn when the redemption is complete in mid July.
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