E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/13/2012 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.