On March 29, 2007, Standard & Poor's Ratings Services revised its outlook on international cable TV and broadband provider Liberty Global Inc. (LGI) to positive from stable, following the publication of full-year results and the proposed increase and lengthened maturity of the group's main bank facilities at subsidiary UPC Broadband Holding B.V. (B/Positive/--). The ratings on LGI and its related entities, including the 'B' long-term corporate credit rating on LGI, were affirmed. At the same time, Standard & Poor's assigned its 'B' senior secured bank loan rating to the new L, M, and N tranches issued by UPC Broadband Holding and UPC Financing Partnership (not rated). A recovery rating of '3' was also assigned, reflecting expectations of meaningful (50%-80%) recovery...
Companies mentioned in this report are:
- Liberty Global PLC
- UPC Broadband Holding B.V.
- Cablecom Luxembourg SCA
- UPC Holding B.V.
- VTR GlobalCom S.A.
Action: New Rating
Action: Outlook: Positive
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