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Moody's could up Entravision
Moody's Investors Service said it placed the ratings of Entravision Communications Corp. on review for possible downgrade following the company's earnings release for the fourth quarter of 2011.
Moody's said the review is driven primarily by the company's continued high debt-to-EBITDA ratios, minimal cushion to financial covenants under its revolver agreement (in effect only if drawn) and Moody's view that the company will need more time than initially expected to bring financial metrics in line with the B1 corporate family rating.
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