Moody's rates new CanWest debt instruments for Alliance Atlantis specialties

TORONTO – Moody’s Investors Service has assigned ratings to the new debt instruments of CW Media Holdings Inc., the company that will hold specialty channels to be acquired from Alliance Atlantis. CW’s new secured debt instruments were assigned Ba1 ratings, while the unsecured debt instruments were assigned B2 ratings. CW is the new joint venture between CanWest Media Works Inc. and Goldman Sachs Capital Partners. Moody’s also said CanWest’s ratings outlook continues to be stable. It affirmed the B1 corporate family rating and its SGL-2 speculative grade liquidity rating. However, the revisions to the company’s consolidated debt structure resulted in...