(PR-inside.com) Fitch Ratings has downgraded the long-term rating on the approximately $4,770,000 of Colorado Educational and Cultural Facilities Authority revenue bonds (Colorado Public Radio), series 2002 to 'BBB-' from 'BBB+'. The bonds are a general obligation of Colorado Public Radio (CPR, or the station), secured by a mortgage lien over land, buildings, and equipment. Additional security is provided through a security interest in any proceeds from a sale or transfer of the station's FCC licenses, and a debt service reserve fund. The Rating Outlook is Stable. The downgrade primarily reflects CPR's limited liquidity and increased debt burden. CPR's liquidity ..
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