Thursday, January 29, 2009

time's up...stand up...and face the muzak...

according to the latest Standard and Poor's rating, Muzak Holdings LLC has a credit rating of CCC-, with a negative outlook. in non-finance terms, that basically means that they're vulnerable to start defaulting on paying back their debt, and are unlikely to stay current on their obligations if economic conditions aren't favourable.

please tell me i'm not the only one who is rooting for Muzak to go bankrupt. for all of that crappy elevator "music" of theirs i've had to put up with over the years, this is the least they deserve in retaliation.