 Moodys Investors Service, Moodys affirmed Lamar Advertising Companys Lamar Ba3 corporate family rating CFR and Ba3-PD probability of default rating PDR following the proposed add on to the senior unsecured notes. In addition, Moodys downgraded the existing senior unsecured notes to B1 from Ba3 and affirmed the senior secured credit facility at Baa3 issued by subsidiary, Lamar Media Corporation Lamar Media. 