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Dish system Corporation — Moody’s downgrades DISH system’s CFR to B1 and DISH DBS’s CFR to B2; assigns B2 to brand new DISH DBS senior unsecured notes

Moody’s also downgraded DISH DBS Corporation’s, a wholly-owned subsidiary of DISH Network, (“DBS”) CFR to B2 from B1, PDR rating to B1-PD from Ba3-PD, senior credit card debt ranks to B2 from B1 and assigned a B2 rating to DBS’s proposed brand new $1 billion of senior unsecured records.