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EA Turns to Egan-Jones Rating as Angry Bondholders Claim Default
Source: Bloomberg
Credit & Bond MarketsM&A & RestructuringLegal & Litigation
Electronic Arts told a group of creditors it obtained an investment-grade rating from Egan-Jones Ratings Co. for a subset of its bonds. The company is using the rating to contest creditors’ claims that they are owed a premium following EA’s take-private transaction.
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