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Sinclair Broadcast Group, Inc. -- Moody's confirms Sinclair's Ba3 CFR; outlook stable

Concurrently, Moody's confirmed the Ba1 rating on the senior secured bank credit facilities and the B1 rating on the senior unsecured notes, both of which are issued at 100% owned subsidiary Sinclair Television Group, Inc ("STGI"). Moody's assigned Ba1 ratings to the new senior secured facilities -- a $700 million term loan and $650 million revolving credit facility. Moody's has also affirmed Sinclair's speculative grade liquidity rating at SGL-2.