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MoneyGram Payment Systems Worldwide Inc. -- Moody's downgrades MoneyGram's CFR to B3; outlook remains negative

Moody's Investors Service ("Moody's") downgraded MoneyGram International, Inc.'s ("MoneyGram") Corporate Family Rating (CFR) to B3 from B2 and existing senior secured credit facility rating to B3 from B2. Moody's assigned a B2 rating to the proposed amended first lien credit facility and a Caa2 rating to the proposed second lien term loan facility.