Moody’s eyes Cast & Crew for cut

Moody’s Investors Service said it placed Cast & Crew Payroll, LLC’s ratings under review for downgrade, including the company’s B3 corporate family rating, B3-PD probability of default rating and the B2 rating on Cast & Crew’s first-lien credit facility.

“The review was prompted by the considerable anticipated deterioration in the issuer’s credit protection measures over the near term as a result of ongoing systemic production disruptions related to the coronavirus outbreak impacting Cast & Crew’s client base in its core media and entertainment markets,” said Moody’s in a press release.

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