Moody's Raises OUTFRONT Media Credit Rating to Ba3, Citing Lower Leverage and Digital Push
Moody's has upgraded OUTFRONT Media Inc.'s Corporate Family Rating to Ba3 from B1, lifted its Probability of Default rating and moved a subsidiary's unsecured notes higher, while keeping secured facility ratings unchanged. The agency expects leverage to fall into the low 4x range over the next 12-18 months on strong revenue and EBITDA growth and hi…