CanWest debt downgraded

Moody’s and DBRS have downgraded the debt at two of CanWest’s subsidiary, and Friday seems to be a deadline day for CW to pay off as bank loan. Other than that, everything’s fine.

And Metroland is laying off 64 positions at the Hamilton Spectator, Waterloo Region Record and The Guelph Mercury.

Canadian Press, February 24 2009

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