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Prospect News home > News index > List of issuers M > Headlines for MEGA Brands, Inc. > News item |
S&P cuts MEGA Brands
Standard & Poor's said it lowered the long-term corporate credit rating on MEGA Brands Inc. to D from CC and withdrew all ratings on MEGA Brands and its subsidiaries.
The actions follow the completion of the company's recapitalization on March 30, which included the repayment of debt below par, the agency said.
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