|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Comcast, NBCUniversal Ratings Not Affected By Deal To Acquire Remaining 50% Of Universal Theme Parks Jun 11
Standard & Poors, June 2011
Abstract
NEW YORK (Standard & Poor's) June 7, 2011--Standard & Poor's said today that the corporate credit rating and outlook on Comcast Corp. (BBB+/Stable/A-2) and the issue-level ratings on NBCUniversal are not affected by NBCUniversal's definitive agreement to buy out the remaining 50% share of Universal City Park Development Ltd. (UCDP) for $1.025 billion from joint venture partner Blackstone Group L.P. The transaction, expected to close July 1, will be financed with a combination of cash on hand at NBCUniversal, a $400 million intercompany loan from a Comcast entity, and additional borrowings under NBCUniversal's revolving credit facility. NBCUniversal will consolidate approximately $1.3 billion of net UCDP debt. (For more details on the credit impact of UCDP, please see the research update...
Companies mentioned in this report are: Comcast Corp.
Action: Bulletin
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.
|
|
|
|
