Comcast Corp. Upgraded To 'A-' On Announced Agreement To Buy Out GE's Share of NBCUniversal; Outlook Positive - S&P Global Ratings’ Credit Research

Comcast Corp. Upgraded To 'A-' On Announced Agreement To Buy Out GE's Share of NBCUniversal; Outlook Positive

Comcast Corp. Upgraded To 'A-' On Announced Agreement To Buy Out GE's Share of NBCUniversal; Outlook Positive - S&P Global Ratings’ Credit Research
Comcast Corp. Upgraded To 'A-' On Announced Agreement To Buy Out GE's Share of NBCUniversal; Outlook Positive
Published Feb 14, 2013
1735 words — Published Feb 14, 2013
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Abstract:

U.S. cable-TV and media company Comcast Corp. announced that it has agreed to buy GE's 49% share in NBCUniversal LLC (NBCU), as well as some other properties, for $18.1 billion. Comcast plans to fund this transaction with a combination of $11.4 billion in cash on hand, $6 billion of additional debt, and $725 million of preferred stock. At the same time, Comcast has revised its leverage target to a range of 1.5x to 2.0x, from the previous 2.0x to 2.5x. We have raised our ratings on Comcast and its subsidiaries, including NBCUniversal Media LLC, including raising the corporate credit rating on Comcast to 'A-' from 'BBB+'. The short-term and commercial paper ratings remain 'A-2'. The positive outlook reflects the fact

  
Brief Excerpt:

RESEARCH Comcast Corp. Upgraded To 'A-' On Announced Agreement To Buy Out GE's Share of NBCUniversal; Outlook Positive Publication date: 14-Feb-2013 Primary Credit Analyst: Catherine Cosentino, New York (1) 212-438-1000; catherine_cosentino@standardandp...

  
Report Type:

Ratings Action

Ticker
CMCSA
Issuer
Comcast Corp.
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Comcast Corp. Upgraded To 'A-' On Announced Agreement To Buy Out GE's Share of NBCUniversal; Outlook Positive" Feb 14, 2013. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Comcast-Corp-Upgraded-To-A-On-Announced-Agreement-To-Buy-Out-GE-s-Share-of-NBCUniversal-Outlook-Positive-1077977>
  
APA:
S&P Global Ratings’ Credit Research. (). Comcast Corp. Upgraded To 'A-' On Announced Agreement To Buy Out GE's Share of NBCUniversal; Outlook Positive Feb 14, 2013. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Comcast-Corp-Upgraded-To-A-On-Announced-Agreement-To-Buy-Out-GE-s-Share-of-NBCUniversal-Outlook-Positive-1077977>
  
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