Research Update: HSN Inc. 'BB-' Rating Outlook Revised To Stable From Negative Mar 10
Standard & Poors, March 2010
Abstract
U.S. television and Internet retailer HSN Inc.'s operating performance has begun to improve, and the company has been using a portion of its cash to reduce debt. We are revising our 'BB-' rating outlook on the company to stable from negative. The stable rating outlook reflects our expectation that credit metrics will remain in line with the 'BB-' rating level. On March 25, 2010, Standard & Poor's Ratings Services revised its rating outlook on HSN Inc. (HSNi) to stable from negative. At the same time, we are affirming all ratings on the company, including the 'BB-' corporate credit rating. The outlook revision is a result of HSNi's good operating performance in the fourth quarter of 2009, our expectation of growth...
Companies mentioned in this report are: HSN Inc.
Action: Affirmed
Action: Outlook: Stable
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
HSN Inc.
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