|
|
 |
|
Viewing report
|
|
|
|
Bulletin: S&PCORRECT: DIRECTV Ratings Unaffected By Bond Indenture Amendment Announcement Nov 11
Standard & Poors, Nov 2011
Abstract
NEW YORK (Standard & Poor's) Nov. 15, 2011--Standard & Poor's Ratings Services said today that its ratings and outlook on El Segundo, Calif.-based DIRECTV are unaffected by the company's announcement that it has amended all existing bond indentures co-issued by its wholly owned subsidiaries, DirecTV Financing and Holdings LLC, to include a downstream guarantee from the ultimate parent, DIRECTV. This amendment will add a guarantee from ultimate parent DirecTV, resulting in the inclusion of Latin America and Sports Networks into the restricted group. In line with our published criteria and our determination that Latin America is an essential part of the overall business, we have always assessed DIRECTV's credit profile on a consolidated basis. Hence, our 'BBB' corporate credit rating...
Companies mentioned in this report are: DIRECTV
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.
|
|
|
|
