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BRIEF-Moody's downgrades ARS 2nd Lien Notes to B3; outlook stable
September 17, 2012 / 10:18 PM / in 5 years

BRIEF-Moody's downgrades ARS 2nd Lien Notes to B3; outlook stable

Sept 18 (Reuters) - Moody’s Investors Service downgraded ARS Intermediate Holdings LLC’s (“ARS”) Corporate Family Rating (“CFR”) to Caa1 from B3, Probability of Default Rating to Caa1 from B3, and Senior Secured Second Lien Notes to B3 from B2. Moody’s also affirmed the Caa2 rating on the company’s Senior Secured PIK Notes.

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