About $60 million of DeLaurentiis Entertainment Group’s...
About $60 million of DeLaurentiis Entertainment Group’s subordinated debt was lowered to a CCC+ from B- by Standard & Poor’s. The issue was removed from CreditWatch, where it had been placed on July 21. S&P; noted that the lack of box-office success for the firm’s recent films led to DeLaurentiis reporting a $15.5-million loss in the last quarter.
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