Moody's raises Central European Media ratings
By Erina Lin, Tuesday 4 March 2008 at 21:24 :: General :: #1353 :: rss
Moody's Investors Service raised Central European Media Enterprises Ltd.'s ratings Tuesday, citing its solid financial performance.
The corporate family rating and the ratings on its senior unsecured notes were lifted one notch in junk status to "Ba2" from "Ba3." The outlook is stable, Moody’s stated.
“The upgrade reflects the company's intention to keep debt below a certain level,” the ratings agency told boston.com.
CME is a company operating television broadcasting networks in six countries in Central and Eastern Europe, boston.com reported.
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