Univision Stable After Downgrade
Univision was trading at 54 1/2-55 1/2 Wednesday, down only slightly from earlier in the week, after Standard & Poor's downgraded the Spanish-language broadcasting company's loans. S&P lowered the rating on Univision's first lien to B- and downgraded the loans' recovery rating to 3, indicating an expected recovery of 50-70%.
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