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Bertelsmann And RTL Group Upgraded To 'BBB+' On Strengthening Credit Metrics; 'A-2' Ratings Affirmed; Outlook Stable May 11
Standard & Poors, May 2011
Abstract
Germany-based international media group Bertelsmann AG and its subsidiary Luxembourg-based broadcaster RTL Group S.A. reported strong results in 2010. As a consequence, both firms achieved a material improvement in their credit metrics. We are therefore raising our long-term corporate credit and senior unsecured debt ratings on Bertelsmann and RTL to 'BBB+' from 'BBB'. The stable outlook reflects our view that Bertelsmann's and RTL's stable revenue and operating margin trends will likely continue over the next couple of years. LONDON (Standard & Poor's) May 23, 2011--Standard & Poor's Ratings Services said today that it raised to 'BBB+' from 'BBB' its long-term corporate credit and senior unsecured debt ratings on Germany-based international media group Bertelsmann AG and subsidiary Luxembourg-based broadcaster RTL Group...
Companies mentioned in this report are: Bertelsmann AG
Action: Affirmed
Action: Outlook: Stable
Action: Upgraded
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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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