Climb to the top of the priority list. Everyone that seeks to deal with debt
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Learn your options with regard to refinancing the existing loan to lower your
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less than perfect credit.
NextMedia Operating CCR cut to 'B-' from 'B'; on negative watch - S&P
Standard & Poor's (NYSE:MHP) Rating Services said it cut US-based NextMedia Operating Inc's corporate credit rating (CCR) to 'B-' from 'B' and placed the rating on negative credit watch, reflecting the ratings agency's uncertainty regarding the company's ability to obtain permanent covenant relief in the tight credit environment.
The ratings agency said it believes the company might have to sell assets to obtain an amendment and it is concerned about the downward pressure on resale multiples in the tight credit environment.
