S&P revises Entercom view to stable

S&P said it revised its outlook for Entercom Communications Corp. to stable from negative, because it expects the company to cut its leverage below 5x by the end of 2019.

Entercom’s revenue has stabilized over the past three quarters and has continued to improve profitability with cost-saving initiatives, S&P said.

The agency affirmed the B+ rating for the company.

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