Fitch Ratings Affirms Lenbrook Investment Grade Rating and Upgrades to Positive Outlook

---

Fitch Ratings, which provides credit ratings, commentary and research on public companies, has affirmed Lenbrook’s investment grade rating of “BBB” and upgraded its outlook of Lenbrook to Positive. In issuing the rating, Fitch noted Lenbrook’s successful stabilization of its Kingsboro expansion, improved operations, reduced debt burden and growth in unrestricted cash and investments.

“We are proud that Fitch has issued this affirmation of Lenbrook’s investment grade rating and upgraded us to a Positive Outlook,” said Leslie Dove, Lenbrook’s Chief Financial Officer. “This rating further demonstrates to all stakeholders Lenbrook’s strong financial position. Since 2016, Lenbrook has repeatedly earned an investment grade rating from Fitch. This rating highlights our solid market position and proven ability to consistently deliver strong operational results and stable cash flows. It also positions Lenbrook favorably to secure financing for facilities, programming or other improvements, should the need arise.”