Bulletin: Comcast Corp. Ratings Remain On CreditWatch Negative Pending Potential Fox Acquisition Offer

NEW YORK (S&P Global Ratings) May 29, 2018--S&P Global Ratings said today that its ratings and outlook on Philadelphia based Comcast Corp. remain on CreditWatch with negative implications following the company's recent announcement that it is considering, and is in advanced stages of preparing, an offer for selected portions of Twenty First Century Fox Inc. We had contemplated the likelihood that Comcast would bid for additional media companies, such as Fox, when we placed our 'A-' corporate credit ratings on Comcast on CreditWatch on Feb. 28, 2018 (when the company announced an all-cash bid for Sky PLC--see our research update, "Comcast Corp. 'A-' Corporate Credit Rating On CreditWatch Negative On Proposed Acquisition Of Sky PLC"). If Comcast were to succeed

...NEW YORK (S&P Global Ratings) May 29, 2018--S&P Global Ratings said today that its ratings and outlook on Philadelphia based Comcast Corp. remain on CreditWatch with negative implications following the company's recent announcement that it is considering, and is in advanced stages of preparing, an offer for selected portions of Twenty First Century Fox Inc. We had contemplated the likelihood that Comcast would bid for additional media companies, such as Fox, when we placed our 'A-' corporate credit ratings on Comcast on CreditWatch on Feb. 28, 2018 (when the company announced an all-cash bid for Sky PLC--see our research update, "Comcast Corp. 'A-' Corporate Credit Rating On CreditWatch Negative On Proposed Acquisition Of Sky PLC"). If Comcast were to succeed in its pursuit of Fox, in resolving the CreditWatch placement we would evaluate the impact on both Comcast's operations and its credit metrics. We would consider the company's leverage, the quantum of debt, and its effect on the company's...

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