 Moodys Investors Service, Moodys has today changed to stable from positive the outlook on the ratings of Central European Enterprises Ltd. CME or the company, a leading free-to-air broadcaster operating in five Central and Eastern European countries. Concurrently, Moodys has affirmed the companys B1 corporate family rating CFR and its B1-PD probability of default rating PDR. The change in outlook to stable reflects our expectation of a weaker TV advertising market owing to the coronavirus outbreak and subsequent global macroeconomic recession, which has removed the possibility of a rating upgrade in the near term, says Víctor García Capdevila, a Moodys AVP-Analyst and lead analyst for CME. 