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Prospect News home > News index > List of issuers S > Headlines for Sports Authority, Inc. > News item
Published on 3/3/2016 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

Moody’s drops, will withdraw Sports Authority

Moody's Investors Service said it downgraded Sports Authority Inc.’s probability of default rating to D-PD from Ca-PD/LD following Sport Authority's March 2 announcement that it had 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 the bankruptcy filing.


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