Moody's affirms Entravision

Moody's Investors Service said it affirmed Entravision Communications Corp.'s Ba3 corporate family rating and B1 probability of default rating.

In addition, Moody's said it affirmed the Ba3 ratings for the company's $650 million senior secured credit facilities ($150 million revolver and $500 million term loan facility).

The outlook has been revised to negative from stable.

The negative outlook reflects Moody's concerns that the current economic downturn and pullback in advertising spend will affect Entravision's revenue and cash flow in the near term despite its focus on Hispanic audiences.

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