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Warner Music Group $3 Billion Debt Upgraded To B1, With 'High Default Risk'
Warner Music Group $3 Billion Debt Upgraded To B1, With 'High Default Risk'
WARNER MUSIC GROUP's over $3 billion in debt, incurred by LEN BLAVATNIK's ACCESS INDUSTRIES when he acquired the company in 2011, has been upgraded by MOODY'S from B2 to B1, with a "high default risk." MOODY'S INVESTOR SERVICE describes WMG as a "highly speculative" investment with a risk of defaulting on its loand "high," though its financial outlook has been dubbed "stable."  MOODY'S believes that WMG profits could grow "as a result of ...
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