Liberty Media Corp. 'BB+' Rating Put On CreditWatch Negative - S&P Global Ratings’ Credit Research

Liberty Media Corp. 'BB+' Rating Put On CreditWatch Negative

Liberty Media Corp. 'BB+' Rating Put On CreditWatch Negative - S&P Global Ratings’ Credit Research
Liberty Media Corp. 'BB+' Rating Put On CreditWatch Negative
Published Dec 15, 2008
782 words — Published Dec 15, 2008
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About This Report

  
Abstract:

CHICAGO (Standard&Poor's) Dec. 15, 2008--Standard&Poor's Ratings Services today placed its ratings on Liberty Media Corp., including the 'BB+' corporate credit rating, on CreditWatch with negative implications. The CreditWatch placement is based on the company's plan to distribute a majority of its Liberty Entertainment tracking stock assets to existing Liberty Entertainment tracking stockholders through the split-off of a newly formed subsidiary, Liberty Entertainment Inc. "The CreditWatch listing highlights the risk and uncertainty surrounding the company's future business strategy and capital structure," noted Standard&Poor's credit analyst Andy Liu. The transaction would be effected as a pro rata redemption of a portion of the outstanding shares of Liberty Entertainment tracking stock in exchange for all of the

  
Brief Excerpt:

RESEARCH Liberty Media Corp. '##+' Rating Put On CreditWatch Negative Publication date: 15-Dec-2008 Primary Credit Analyst: Andy Liu, CFA, Chicago (1) 312-233-7052; andy_liu@standardandpoors.com Secondary Credit Analyst: Heather M...

  
Report Type:

Ratings Action

Ticker
L
Issuer
Liberty Media Corp.
GICS
Movies & Entertainment (25401030)
Sector
Collateralized Debt Obligations , Corporations , Global Issuers , Media & Entertainment , Structured Finance , Telecommunications & Cable
Country
United States
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Liberty Media Corp. 'BB+' Rating Put On CreditWatch Negative" Dec 15, 2008. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Liberty-Media-Corp-BB-Rating-Put-On-CreditWatch-Negative-690334>
  
APA:
S&P Global Ratings’ Credit Research. (). Liberty Media Corp. 'BB+' Rating Put On CreditWatch Negative Dec 15, 2008. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Liberty-Media-Corp-BB-Rating-Put-On-CreditWatch-Negative-690334>
  
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