DBRS Releases Report on Clear Channel Communications Inc.

Dominion Bond Rating Service (DBRS) has today released a report on Clear Channel Communications Inc. (the Company) that provides further detail on the recent downgrade of the Company’s ratings to BBB (low) from BBB, with the trend now Negative.

To obtain a copy of the full report or the September 6, 2006, press release, please click on the link below or contact us at info@dbrs.com.