29.09.2015 00:58:00
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Fairway Group Acquisition Company -- Moody's Downgrades Fairway's CFR to Caa1
New York, September 28, 2015 -- Moody's Investors Service today downgraded Fairway Group Acquisition Company's ("Fairway") Corporate Family Rating to Caa1 from B3. Moody's also downgraded the rating for Fairway's $268 million senior secured term loan and $40 million senior secured revolving credit facility to Caa1 from B2. Additionally, Moody's lowered Fairway's speculative grade liquidity rating to SGL- 4 from SGL-2. The outlook is negative. The Probability of Default Rating was affirmed at Caa1-PD.