Moody’s drops Lightstream PDR to D-PD

Moody's Investors Service said it downgraded the probability of default rating for Lightstream Resources Ltd. to D-PD from C-PD/LD in response to the company's announcement that it obtained an initial court order to restructure under the Companies' Creditors Arrangements Act (CCAA).

Lightstream's C corporate family rating and C senior unsecured notes rating were affirmed.

The outlook is negative.

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