Outfront Media Receives Credit Boost and Expands into Motorsport Advertising

Outfront Media has taken significant steps to reinforce its financial standing, with a credit rating upgrade from Moody’s and a strategic entry into motorsport sponsorship. These developments come as the market anticipates the company’s full-year results, scheduled for release later this month.

In a move reflecting growing confidence in the company’s fiscal health, Moody’s Investors Service upgraded Outfront Media’s corporate family rating to Ba3. The agency cited an expected reduction in leverage over the next 12 to 18 months as the primary rationale. This anticipated improvement is driven by forecasts for both revenue and EBITDA growth.

The positive outlook is largely attributed to Outfront Media’s Read more...