...+ U.S.-based outdoor advertiser Outfront Media Inc.'s third quarter operating performance exceeded S&P Global Ratings' expectations, with strong local advertising growth of 8.4% and national advertising revenue growth of 0.4%. Despite the company's healthy top-line growth, we expect only modest leverage improvement to 5.3x-5.4x over the next year (from 5.5x for the 12 months ended Sept. 30, 2018) due to incremental debt financing to support growth initiatives. + We are affirming all of our ratings on Outfront, including our '##-' issuer credit rating. + The issue-level rating on the company's senior secured credit facility remains '##+' and the recovery rating remains '1'. + The issue-level ratings on the company's senior unsecured debt remains '##-' and the recovery rating remains '4'. + The stable outlook reflects our expectation that the company will continue to generate low- to mid-single-digit revenue growth over the next 12 months, supported by a favorable outdoor advertising environment...
