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CBS Corp.'s Proposed Senior Unsecured Debt Rated 'BBB', On CreditWatch Negative May 09 Product Image

CBS Corp.'s Proposed Senior Unsecured Debt Rated 'BBB', On CreditWatch Negative May 09

  • Published: May 2009
  • Standard & Poors

Abstract
-- New York City-based television and radio broadcaster CBS Corp. proposed a senior unsecured debt offering for five- and 10-year bonds. -- We assigned the notes our 'BBB' rating and placed it on CreditWatch with negative implications along with our other ratings for the company. -- The continued CreditWatch listing reflects our expectation that fully adjusted leverage will rise to more than 5x in 2009. NEW YORK (Standard & Poor's) May 8, 2009--Standard & Poor's Rating Services today assigned its 'BBB' rating to CBS Corp.'s proposed senior unsecured notes issues due 2014 and 2019. At the same time, we placed the rating on CreditWatch with negative implications along with our other ratings on the company. The company plans to use...

Companies mentioned in this report are: CBS Corp.
Action: CreditWatch Update
Action: New Rating

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 READ MORE >

CBS Corp.

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