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Moody's Investors Service, ("Moody's") assigned Ba3 rating to new senior secured notes issued by Meredith Corp. ("Meredith"). The Ba3 rating on the new senior secured notes reflects their pari-passu priority and equivalent security interest with the company's senior secured term loan.
Moody's Investors Service, ("Moody's") assigned a Ba3 rating to the incremental senior secured term loan to be issued by Meredith Corp. ("Meredith"). The ratings on existing first lien senior secured credit facilities are downgraded to Ba3 from Ba2.
Moody's Investors Service, ("Moody's") has affirmed the ratings on six classes in Citigroup Commercial Mortgage Trust 2016-P3. Moody's received full year 2018 operating results for 100% and full or partial year 2019 operating results for 100% of the pool (excluding specially serviced and defeased loans).