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Prospect News home > News index > List of issuers C > Headlines for Canwest LP > News item
Published on 8/5/2009 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P cuts Canwest notes to D

Standard & Poor's said it lowered Canwest LP's $400 million 9¼% senior subordinated notes due 2015 to D from C with 6 recovery rating.

The downgrade follows the company's nonpayment of $18.5 million in interest expense due Aug. 1 on the notes, the agency noted.


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