New York, August 05, 2013 -- Moody's Investors Service assigned DreamWorks Animations SKG, Inc. ('DreamWorks') a Ba2 Corporate Family Rating ('CFR'), Ba2-PD Probability of Default Rating ('PDR'), and a Ba3 (LGD5-76%) rating to its proposed $300 million 7-year senior unsecured notes. Proceeds from the new notes will be used to pay down the $155 million outstanding balance on the company's $400 million revolving credit facility, and for general corporate purposes. Moody's also assigned the company a Speculative Grade Liquidity rating of SGL-2. The rating outlook is stable.
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