CHICAGO (Standard&Poor's) Feb. 27, 2012--Standard&Poor's Ratings Services said today that its rating on Liberty Interactive Corp. ('BB' with a stable rating outlook) is not affected by the company's plan to restructure into two tracking stocks, to be named Liberty Interactive and Liberty Ventures. Liberty Interactive Corp. hopes to highlight the operations of each tracking stock and raise capital through rights offerings, while maintaining its existing tax structure. The tracking stock structure does not alter the obligor. Liberty Interactive Corp. will remain the obligor and responsible for all debt service. The Liberty Interactive tracking stock will initially have attributed to it QVC, e-commerce companies, a 34% stake in HSN, about $500 million of cash, $2 billion of
