NEW YORK (Standard&Poor's) Dec. 7, 2006--Standard&Poor's Ratings Services said today that it affirmed its bank loan and recovery ratings on existing senior secured term loan facilities of Live Nation Worldwide Inc., subsidiary of Live Nation Inc. (B+/Negative/--), after the company announced that it will increase the amount of the add-on portion of its first-lien term loan C to $225 million, from $200 million. The 'B+' bank loan rating, at the same level as the corporate credit rating, and recovery rating of '3' indicate expectation of meaningful (50%-80%) recovery of principal in the event of a payment default. (For the complete recovery analysis, see "Recovery Report: Live Nation Worldwide Inc.'s $810 Million Bank Financing," published Nov. 8,
