Moody's lifts Clear Channel Outdoor to B3 after take-private deal, outlook stable
Moody's Ratings raised Clear Channel Outdoor's corporate rating to B3 after its take-private deal and set the outlook to stable, while cutting debt ratings.
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what happened
On October 19, 2026, Moody's Ratings raised the corporate rating of Clear Channel Outdoor Holdings, Inc. to B3 from Caa1, and its default probability rating moved up to B3-PD from Caa1-PD. At the same time, the agency lowered its ratings on the company's existing secured bonds and Term Loan B to B3 from B2. The outlook was changed to stable, following the take-private transaction.
why it matters
The action concerns the debt side: holders of the company's bonds and term loan face a fresh assessment of credit risk. The release gives no figures on debt size, pricing or deal terms, so the conclusions stay limited to the ratings themselves.
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sources
- Moody's Ratings upgrades Clear Channel to B3 following take private transaction; outlook changes to stable — Moody's, 19 October 2026 at 16:27 UTC
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