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Bulletin: Liberty Interactive Corp. Ratings Unaffected By Planned Spin-Off Of Minority Stake In TripAdvisor

Published Oct 11, 2013

1098 words — Published Oct 11, 2013

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Abstract:

CHICAGO (Standard&Poor's) Oct. 11, 2013--Standard&Poor's Ratings Services said today that its rating on Liberty Interactive Corp. is not affected by the company's plan to spin off its minority stake in TripAdvisor Inc. and its BuySeasons unit. Liberty Interactive Corp. owns a 22% economic stake (representing 57% voting interest) in TripAdvisor. BuySeasons accounts for a very small portion of consolidated revenue and an even smaller portion of profit. The spin-off is subject to various conditions, including the receipt of an IRS private letter ruling and an opinion of tax counsel. Liberty Interactive Corp.'s stake in TripAdvisor is valued at $2.2 billion based on TripAdvisor's closing stock price as of Oct. 9, 2013. Standard&Poor's expects that

Brief Excerpt:

RESEARCH Bulletin: Liberty Interactive Corp. Ratings Unaffected By Planned Spin-Off Of Minority Stake In TripAdvisor Publication date: 11-Oct-2013 Primary Credit Analyst: Andy Liu, CFA, Chicago (1) 312-233-7052; andy.liu@standardandpoors.com...

Report Type:

Bulletin

Ticker

733237Z

Issuer

Liberty Interactive Corp.

GICS

Broadcasting & Cable TV (25401020)

Sector

Global Issuers, Structured Finance

Country

United States

Region

United States

Format:

HTML

Summary: Liberty Interactive Corp. – 2014/04/30 – US$ 225.00

Summary: Liberty Interactive Corp. – 2015/04/21 – US$ 225.00

Liberty Interactive LLC Unsecured Debt Recovery Rating Revised To '3' On Improved Market Value, 'BB' Rating Unchanged – 2015/08/19 – US$ 150.00

Research Update: Liberty Interactive Corp. Ratings Affirmed, Outlook Stable On Announced Spin Off – 2015/11/12 – US$ 225.00

Research Update: Liberty Interactive Corp. Rating Affirmed, Outlook Revised To Negative On Cash Investment In Liberty Broadband – 2016/05/18 – US$ 225.00

Liberty Interactive $350M Exchangeable Debentures Due 2043 Rated 'BB' (Recovery Rating: 4) – 2013/09/04 – US$ 150.00

Liberty Interactive $550M Exchangeable Debentures Assigned 'BB' Rating (Recovery Rating: 4) – 2013/04/02 – US$ 150.00

QVC Inc. Proposed Debt Assigned 'BBB-' Rating (Recovery Rating: 1) – 2013/03/04 – US$ 150.00

Summary: Liberty Interactive Corp. – 2013/01/28 – US$ 225.00

Summary: Liberty Interactive Corp. – 2012/07/25 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Liberty Interactive Corp. Ratings Unaffected By Planned Spin-Off Of Minority Stake In TripAdvisor" Oct 11, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Liberty-Interactive-Corp-Ratings-Unaffected-By-Planned-Spin-Off-Of-Minority-Stake-In-TripAdvisor-1202900>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Liberty Interactive Corp. Ratings Unaffected By Planned Spin-Off Of Minority Stake In TripAdvisor Oct 11, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Liberty-Interactive-Corp-Ratings-Unaffected-By-Planned-Spin-Off-Of-Minority-Stake-In-TripAdvisor-1202900>

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