Liberty Media Corp. - S&P Global Ratings’ Credit Research

Liberty Media Corp.

Liberty Media Corp. - S&P Global Ratings’ Credit Research
Liberty Media Corp.
Published Jul 15, 2008
5190 words — Published Jul 15, 2008
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Good liquidity through non-strategic investments in major publicly traded media companies; Strong operating asset in QVC Inc.; A majority economic interest in DIRECTV Group Inc. during the near-term; and Limited commitment to certain equity affiliates and subsidiaries. Meaningful cash flow from only a portion of the asset portfolio; Uncertainty concerning quick liquidation of private equity stakes and asset values; Possible triggering of significant tax liabilities with asset sales; Significant deferred taxes related to exchangeable debt securities; Investment value fluctuation associated with public-company stakes; and Fluid management strategy. The 'BB+' corporate credit and senior unsecured debt ratings on media holding company Liberty Media reflect its large equity portfolio and the growth prospects of its majority-owned and wholly owned operations. These factors

  
Brief Excerpt:

RESEARCH Liberty Media Corp. Publication date: 15-Jul-2008 Primary Credit Analyst: Andy Liu, CFA, Chicago (1) 312-233-7052; andy_liu@standardandpoors.com Secondary Credit Analyst: Heather M Goodchild, New York (1) 212-438-7835; heather_goodchild@standar...

  
Report Type:

Full Report

Ticker
733237Z
Issuer
Liberty Interactive Corp.
GICS
Broadcasting & Cable TV (25401020)
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. "Liberty Media Corp." Jul 15, 2008. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Liberty-Media-Corp-659662>
  
APA:
S&P Global Ratings’ Credit Research. (). Liberty Media Corp. Jul 15, 2008. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Liberty-Media-Corp-659662>
  
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