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S&P Keeps Nexstar On CreditWatch

TVBR | by TVNewsCheck

There’s been no public movement on Nexstar Broadcasting Group’s effort to sell itself, but Standard & Poor’s says the TV company will remain on its CreditWatch list. S&P said: “We believe that a sale of the company, if pursued, could re-leverage the balance sheet and cause deterioration in Nexstar’s financial risk profile, especially if the new owner is a financial investor.”

S&P Gives BB Issue-Level Rating To Nexstar Loan

Reuters | by TVNewsCheck