Sports media giant Learfield’s credit rating droped due to debt level, loans

By Brendan Coffey, Sportico via Yahoo!Sports: College sports media and marketing dealmaker Learfield had its credit rating and outlook dropped by Moody’s Investor Service because of concerns of the company’s debt level and loans due in 2023.

The ratings downgrade and negative outlook reflect the increased potential for a default due to extremely high leverage levels and approaching debt maturities in 2023,” Moody’s said in its ratings note.

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