London, 15 August 2016 -- Moody's Investors Service today downgraded the ratings of UK local and regional media company Johnston Press plc, namely the Corporate Family Rating (CFR) to Caa2 from Caa1, the Probability of Default Rating (PDR) to Caa2-PD from Caa1-PD and the rating on the company's GBP225 million senior secured notes issued by its subsidiary Johnston Press Bond Plc to Caa2 from Caa1. The outlook on the ratings has been changed to negative from stable.
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