S&P cuts Entravision to stable

Standard & Poor's said it revised the outlook on Entravision Communications Corp. to stable from positive and affirmed all the ratings on the company, including the B corporate credit rating.

The outlook revision on Entravision reflects the expectation of a longer term path to an upgrade, due to a slow, uneven recovery in core ad spending and ad rates over the intermediate term, despite continued positive trends in Hispanic population growth, the agency said.

The stable outlook reflects the expectation that Entravision will be able to maintain adequate liquidity and generate positive discretionary cash flow through the political and World Cup advertising cycles, the agency added.

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