Fitch: McClatchy on positive watch

Fitch Ratings said it placed the McClatchy Co.'s issuer default rating of C on watch positive.

In addition, Fitch said it has affirmed the following: senior secured credit facility at C/RR4; senior secured term loan at C/RR4; senior unsecured guaranteed notes at C/RR6; and senior unsecured notes/debentures at C/RR6.

According to the agency, the positive watch reflects the improved capital markets and the company's planned bank amendments, as the prospects of refinancing have improved.

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