Entravision’s ‘B+’ ratings unchanged on outdoor ad operations plan

Standard & Poor’s (NYSE:MHP) Ratings Services said the recent announcement by Entravision Communications Corp (NYSE:EVC) that it is exploring strategic alternatives with its outdoor operations has no immediate effect on the ratings or outlook.

The ratings agency has a ‘B+’ with a positive outlook on the media company.

S&P said it believes that Entravision does not have the size or scale to maximize its return on these assets, and therefore could benefit from redeploying the proceeds into its core business.”*

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