17.12.2015 17:09:00
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Metro-Goldwyn-Mayer Inc. -- Moody's says Metro-Goldwyn-Mayer Inc.'s Joint Venture Buyout and New TV Operations Leadership is Credit Positive
New York, December 17, 2015 -- Metro-Goldwyn-Mayer Inc.'s ("MGM") acquisition of the remaining 45% share of United Artists Media Group (UAMG) and announcement that Mark Burnett will be the President of MGM Television and Digital Group is a positive development for the company's credit, but will not impact the credit rating or outlook. MGM's Ba2 Corporate Family rating (CFR), Ba2-PD Probability of Default rating, Ba3 2nd lien term loan rating and stable outlook are unchanged.