NEW YORK (Standard&Poor's) March 16, 2010--Standard&Poor's Ratings Services said today it revised its ratings on New York City-based satellite radio company Sirius XM Radio Inc.'s senior notes due 2015 following an increase in the size of the issue to $800 million from $550 million. The company plans to use the incremental proceeds from the upsizing to prepay in full its $244 million senior secured term loan. Accordingly, we revised the recovery rating on the notes to '4' from '5'. The '4' recovery rating indicates our expectation of average (30%-50%) recovery for noteholders in the event of a payment default. We raised the issue-level rating on this debt to 'B' (at the same level as the 'B'
