Home Credit Ratings and Research S&P Global Ratings’ Credit Research Nexstar Broadcasting Group Inc.

Nexstar Broadcasting Group Inc. 'B' Corporate Credit Rtg Placed On Watch Negative

Published Apr 11, 2008

410 words — Published Apr 11, 2008

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Abstract:

NEW YORK (Standard&Poor's) April 11, 2008--Standard&Poor's Ratings Services said today it placed its ratings on Nexstar Broadcasting Group Inc. (Nexstar), including the 'B' corporate credit rating, on CreditWatch with negative implications. The Irving, Texas-based TV broadcasting company had total debt of about $681 million as of Dec. 31, 2007. "The CreditWatch placement reflects our heightened concern about Nexstar's ability to remain in compliance with its financial covenants," said Standard&Poor's credit analyst Deborah Kinzer.

Brief Excerpt:

RESEARCH Nexstar Broadcasting Group Inc. 'B' Corporate Credit Rtg Placed On Watch Negative Publication date: 11-Apr-2008 Primary Credit Analyst: Deborah Kinzer, New York (1) 212-438-5229; deborah_kinzer@standardandpoors.com Secondary...

Report Type:

Ratings Action

Ticker

NXST

Issuer

Nexstar Broadcasting Group Inc.

GICS

Broadcasting & Cable TV (25401020)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Nexstar Broadcasting Group Inc. – 2008/05/01 – US$ 500.00

Summary: Nexstar Broadcasting Group Inc. – 2008/05/01 – US$ 225.00

Nexstar Broadcasting Group Inc. Downgraded To 'B-'; Off Watch; Outlook Stable – 2008/07/02 – US$ 150.00

Research Update: Nexstar Broadcasting Group Inc. Corporate Credit Rating Lowered To 'B-' And Off CreditWatch – 2008/07/02 – US$ 225.00

Summary: Nexstar Broadcasting Group Inc. – 2008/12/12 – US$ 225.00

Research Update: Nexstar Broadcasting Group 'B' Corporate Credit Rtg On Watch Neg On Covenant Compliance Issues – 2008/04/11 – US$ 225.00

Summary: Nexstar Broadcasting Group Inc. – 2007/10/08 – US$ 225.00

Bulletin: Nexstar Broadcasting Group Inc. Ratings Unaffected By Announced Strategy Review Plans – 2007/05/17 – Free

Nexstar Broadcasting Group Inc. – 2007/05/02 – US$ 500.00

Summary: Nexstar Broadcasting Group Inc. – 2007/05/02 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Nexstar Broadcasting Group Inc. 'B' Corporate Credit Rtg Placed On Watch Negative" Apr 11, 2008. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Nexstar-Broadcasting-Group-Inc-B-Corporate-Credit-Rtg-Placed-On-Watch-Negative-642427>

APA:	S&P Global Ratings’ Credit Research. (). Nexstar Broadcasting Group Inc. 'B' Corporate Credit Rtg Placed On Watch Negative Apr 11, 2008. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Nexstar-Broadcasting-Group-Inc-B-Corporate-Credit-Rtg-Placed-On-Watch-Negative-642427>

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