Yesterday, RH Donnelley’s bankruptcy filing comes as no surprise to folks who have followed their steady decline.  Idearc filed for Chapter 11 back in March and both of these guys were delisted from the NYSE months ago for not meeting capitalization requirements.  RHDC is the parent company for DEX as well as business.com. RHDC began [...]

Moody’s downgraded R.H. Donnelley’s Corporate Family Rating today to Caa1 and its Probability of Default Rating to Caa2. That latter rating “reflects Moody’s concern that a pre-packaged bankruptcy, distressed exchange and/or other restructuring measures likely represent the optimal solution to re-align the company’s over-leveraged balance sheet,” and that market conditions may now be ripe for [...]