Liberty Global Inc. 'B+' Corporate Credit Rating Placed On CreditWatch Positive On Virgin Media Acquisition Bid Feb 13
- Language: English
- Published: February 2013
- Region: Global
Liberty Media has proposed acquiring a 70% interest in Barnes & Noble (B&N) for cash consideration of about $1 billion. We are keeping our 'BB-' ratings, including the corporate credit rating, on Liberty Media on CreditWatch with developing implications. The B&N acquisition will be an area of evaluation in completing our CreditWatch review of Liberty Media, along with monitoring the outcome of the company's plan to separate certain tracking stock groups. CHICAGO (Standard & Poor's) May 23, 2011--Standard & Poor's Ratings Services said today it kept its 'BB-' ratings, including the corporate credit rating, on Englewood, Colo.-based Liberty Media Corp., on CreditWatch, where they were placed with developing implications on June 25, 2010. The rating action followed Liberty Media's proposal...
Companies mentioned in this report are: Liberty Media Corp.,Barnes & Noble Inc.
Action: CreditWatch Update
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
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Liberty Media Corp.,Barnes & Noble Inc.