Things are looking up for TV group Bonten

By on Oct, 16 2014 with Comments 0

Bonten Media GroupTelevision station operator Bonten Media Group is still dealing with a high degree of leverage, but Wall Street umpire Moody’s Investor Service thinks it’s doing a good job of it.

Moody’s has significantly upgraded the group’s Corporate Family Rating from Caa1 to B3, and other financial instruments have received similar upgrades, including its senior secured revolver and a pair of senior secured term loans.

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