NEW YORK (Standard&Poor's) June 14, 2005--Standard&Poor's Ratings Services today said it has revised its outlook on Corus Entertainment Inc. to stable from negative and affirmed its 'BB' long-term corporate credit rating on the company. Total debt outstanding was C$604 million at Feb. 28, 2005. The outlook revision reflects our expectation that Corus Entertainment's continued strength in its core operations and resulting solid free cash flow will enable the company to sustain its improved credit ratios. "Although small acquisitions will likely continue to play a role in the company's growth strategy, we believe management can accomplish its growth objectives while maintaining credit measures in line with the rating category," said Standard&Poor's credit analyst Lori Harris.
