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09.05.2014 18:56:00
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Altegrity, Inc. -- Moody's lowers Altegrity's PDR to Ca-PD; Caa2 CFR affirmed
Debt exchange offers will be considered distressed exchanges by Moody'sNew York, May 09, 2014 -- Moody's Investors Service affirmed Altegrity, Inc.'s (Altegrity) Caa2 corporate family rating (CFR) and the ratings for its existing debt instruments. Moody's also downgraded Altegrity's probability of default rating (PDR) to Ca-PD from Caa2-PD, reflecting elevated probability of default in the near term in light of the company's announcement of a recapitalization plan.
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