CHICAGO (S&P Global Ratings) May 13, 2016--S&P Global Ratings said today that its ratings and outlook on Sirius XM Radio Inc. (BB/Stable/--) are not affected by the company's announcement that its parent, Sirius XM Holdings Inc., is increasing its stake in Sirius XM Canada Inc. to 70% from 37% for $275 million. At the same time, Sirius XM Canada will convert from a publicly traded company to a private company. Sirius XM Canada will use the $275 million to repurchase shares from certain equity holders. Pro forma for the transaction, which the company expects to close in the fourth quarter of 2016, Sirius XM Holdings voting stake in the Canadian company will be 33%. This will keep Canadian voting control,
