New York, October 17, 2016 -- Moody's Investors Service (Moody's) affirmed Entercom Communications Corp.'s (Entercom) B1 corporate family rating (CFR) and assigned a B1 rating to the proposed $520 million 1st lien credit facility at its subsidiary which includes a $60 million revolver and a $460 million term loan B. The probability of default rating was downgraded to B2-PD from B1-PD. The outlook is stable.
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