EA Cites Egan-Jones Rating as Bondholders Claim Default

Electronic Arts told creditors it secured an investment-grade rating from Egan-Jones Ratings Co. for a subset of bonds, using it to counter claims that it owes a premium after the game maker was taken private.

• EA obtained an investment-grade rating from Egan-Jones for some bonds
• The rating counters claims of a premium owed after going private
• Creditors allege EA defaulted on the bonds