S&P: CC Media unaffected

Standard & Poor's said its ratings on CC Media Holdings Inc. (CCC+/positive) and related entities remain unaffected by the upsizing of the senior notes issuance by operating subsidiary Clear Channel Worldwide Holdings Inc. to $2.5 billion from $750 million.

On Dec. 11, the agency assigned a B issue-level rating to the notes with a recovery rating of 1.

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