NEW YORK (S&P Global Ratings) Jan. 31, 2022--S&P Global Ratings today said that Qurate Retail Inc.'s (BB-/Stable/--) credit quality will not be immediately affected by the company's Jan. 28, 2022, update on its fourth-quarter public financial guidance and the recent fire at one of its fulfillment centers. Specifically, Qurate announced that it faced lower-than-anticipated demand during the fourth quarter, which negatively affected its sales and adjusted operating income before depreciation and amortization (OIBDA). Compared with the same period in 2021, the company expects its total revenue to decline by 8%-9%, with the revenue from its QxH segment (about 60% of overall revenue) falling by 6.5%-7.5%. Management previously stated during its third-quarter public earnings call that the performance of its QxH
