The company's strong market position in large and midsize outdoor advertising markets. Its consistently high EBITDA margin. The increased contribution from faster-growing digital revenue. The company faces less structural pressure from online alternatives, unlike other media formats. The company's somewhat high debt leverage. The cyclicality of its advertising revenue. The company's good cash flow generation. Its reduced financial flexibility as a result of its conversion to a real estate investment trust (REIT) in 2014. S&P Global Ratings' stable rating outlook on New York City-based outdoor advertising company Outfront Media Inc. reflects our expectation that the company will maintain adequate liquidity and leverage below 5x over the next two years. We could lower our corporate credit rating on Outfront if the
