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Clear Channel Holds Despite Downgrade March 09, 2009

The loans for Clear Channel Communications so far are unaffected by Moody’s Investors Service downgrade of the media and entertainment company into the C category today. San Antonio, Texas-based Clear Channel’s loans were trading in the high 30s before the downgrade and a dealer said they haven’t moved.

The loan backed the buyout of the company by Bain Capital, Thomas H. Lee Partners last year ...

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