The company's strong market position in large and midsize markets. Its consistently high EBITDA margin. The increased contribution from the company's faster-growing digital revenue. The company faces less structural pressure from online alternatives, unlike other media formats. The cyclicality of its advertising revenue. The company's somewhat high debt leverage, which we expect will remain in the mid- to high-4x range in 2017. Its good cash flow generation. Its reduced financial flexibility as a result of its conversion to a real estate investment trust (REIT) in 2014. The stable rating outlook on New York City-based outdoor advertising company Outfront Media Inc. reflects S&P Global Ratings' expectation that the company will continue to generate modest organic revenue growth, with adjusted EBITDA margins
