New York, August 29, 2013 -- Moody's Investors Service affirmed Beats Electronics, LLC's ("Beats") B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR). In the same rating action, Moody's rated the company's $225 million senior secured term loan facility due 2014 at Ba3 and withdrew the ratings on the previously proposed $700 million senior secured credit facilities that were withdrawn by the company due to market conditions. The rating outlook is stable.

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