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Prospect News home > News index > List of issuers C > Headlines for Charming Charlie LLC > News item
Published on 12/12/2017 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

Moody’s cuts Charming Charlie on bankruptcy

Moody's Investors Service said it downgraded Charming Charlie LLC's probability of default rating to D-PD from Caa1-PD, corporate family rating to Ca from Caa1 and $150 million principal senior secured term loan due 2019 to Ca from Caa1.

The downgrades follow Charming Charlie's Dec. 11 announcement that it initiated Chapter 11 bankruptcy proceedings.

The outlook was changed to stable from negative.

Subsequent to these actions, Moody's will withdraw the ratings due to Charming Charlie's bankruptcy filing.


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