Fitch affirms Univision

Fitch Ratings said it affirmed Univision Communications, Inc.'s issuer default rating at B, senior secured rating at B+/RR3 and senior unsecured rating at CCC/RR6.

The outlook is stable.

The ratings incorporate the positive view on the U.S. Hispanic broadcasting industry, given anticipated continued growth in number and spending power of the Hispanic demographic, which is confirmed by U.S. census data, the agency said.

Ratings concerns center on the highly leveraged capital structure and the significant maturity wall in 2017, as well as the company's significant exposure to advertising revenue, the agency added.

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