New York, November 14, 2016 -- Moody's Investors Service, ("Moody's") downgraded the ratings of Concordia International Corp. ("Concordia") including the Corporate Family Rating to Caa1 from B3 and the Probability of Default Rating to Caa1-PD from B3-PD. Moody's also downgraded the senior secured rating to B2 from B1, and the senior unsecured ratings to Caa3 from Caa2. At the same time, Moody's also affirmed the SGL-2 Speculative Grade Liquidity Rating. The rating outlook is negative.
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