RE: S&P confusion Not sure what happened but the rest of that post is:
"The downgrade follows Yellow Media's weak operating performance for the three months ended Dec. 31, 2011, which, combined with several corporate actions the company announced on Feb. 9, materially increase refinancing risk, in our opinion,"
So my question is what happened in the 6 days for them to fully downgrade rather than just continue keeping an eye on YLO's performance? And if it's because of the secrecy of the $239 million withdrawal wouldn't it be in Tellier's and the rest of YLO management's best interest to address this concern