Central and eastern Europe-focused broadcaster CME has limited scope to raise new debt as the advertising markets in which it operates continue to come under pressure, according to analysts.
Rating a new tranche of debt at CME subsidiary CET21, credit ratings agency Moodys said that Âthe CME Group will continue to have limited flexibility to incur new debt. It added: ÂCMEÂs negative outlook reflects ongoing pressures in the groupÂs TV advertising markets and delayed recovery prospects, with limited visibility.
