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Standard & Poor’s Downgrades Cinram Ratings

Standard & Poor’s announced that it has lowered its ratings on Cinram International Inc. (Cinram), including the long-term corporate credit rating to ‘B-’ from ‘B’. In addition, it placed Cinram’s ratings on CreditWatch with negative implications.

According to the statement, Standard & Poor’s rating actions are a direct result of Warner Home Video terminating its long term service agreements with Cinram effective July 31, 2010.

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