S&P Revises Sinclair Broadcast Group Credit Outlook To Negative (From Positive) On Coronavirus Pressure
S&P Global Thursday revised the credit outlook for Sinclair Broadcast Group to negative from positive given combined pressure from the coronavirus and the debt-funded acquisition last year of the Fox Sports Networks.
Sinclair acquired the networks for $9.6 billion, funded with $8.9 billion in debt.
“We believe there…
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