DBRS ups Yellow Pages Digital & Media Solutions

DBRS said it upgraded Yellow Pages Digital & Media Solutions Ltd.’s senior secured notes rating to BB from BB (low) and subordinated exchangeable debentures rating to B (high) from B (low), as well as their recovery ratings to RR2 from RR3 and to RR4 from RR6, respectively.

“The upgrade to Yellow Pages Digital’s secured notes and subordinated debentures reflects the benefits of the recovery prospects based on the significant reduction in principal over the last 12 months,” DBRS said in a press release.

DBRS confirmed Yellow Pages Ltd.’s issuer rating at B (high).

All trends are stable.

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