DBRS Discontinues the Ratings of Yellow Media Inc.

DBRS has today discontinued Yellow Media Inc.’s (Yellow Media) Issuer Rating, Medium-Term Notes, Exchangeable Subordinated Debentures and Cumulative Preferred Shares ratings, all of which were at D. This action follows the successful implementation of Yellow Media’s recapitalization on December 20, 2012.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodology is Rating the Newspaper and Magazine Publishing Industry (July 2012), which can be found on our website under Methodologies.