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28.09.2016 19:47:00
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CBS Radio Inc. -- Moody's assigns CBS Radio a B1 CFR and assigns ratings to new credit facility and notes; outlook stable
New York, September 28, 2016 -- Moody's Investors Service (Moody's) assigned CBS Radio Inc. (CBS Radio) a B1 corporate family rating (CFR) and assigned a Ba3 rating to the proposed $1.25 billion first lien credit facility consisting of a $250 million five year revolver and a $1 billion seven year term loan B. The proposed $460 million senior notes are rated B3. The outlook is stable.
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