Research Update: Liberty Media 'BB+' Rating Still On Watch Negative After Agreement With Sirius XM - S&P Global Ratings’ Credit Research

Research Update: Liberty Media 'BB+' Rating Still On Watch Negative After Agreement With Sirius XM

Research Update: Liberty Media 'BB+' Rating Still On Watch Negative After Agreement With Sirius XM - S&P Global Ratings’ Credit Research
Research Update: Liberty Media 'BB+' Rating Still On Watch Negative After Agreement With Sirius XM
Published Feb 17, 2009
858 words — Published Feb 17, 2009
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About This Report

  
Abstract:

Standard&Poor's Ratings Services said that its ratings on Liberty Media Corp., including the 'BB+' corporate credit rating, remain on CreditWatch with negative implications, where they were placed on Dec. 15. 2008. This CreditWatch listing was 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. (LMEI). LMEI will comprise Liberty's entire 52% interest in the DIRECTV Group Inc. (DTV), its 50% interest in GSN LLC, 100% of FUN Technologies, and 100% of Liberty Sports Holdings Inc. LMEI will also be the obligor on about $2 billion of derivative borrowings. Upon completion of the split-off (expected

  
Brief Excerpt:

RESEARCH Research Update: Liberty Media '##+' Rating Still On Watch Negative After Agreement With Sirius XM Publication date: 17-Feb-2009 Primary Credit Analyst: Andy Liu, CFA, Chicago (1) 312-233-7052; andy_liu@standardandpoors.com...

  
Report Type:

Research Update

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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Liberty Media 'BB+' Rating Still On Watch Negative After Agreement With Sirius XM" Feb 17, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Liberty-Media-BB-Rating-Still-On-Watch-Negative-After-Agreement-With-Sirius-XM-703004>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Liberty Media 'BB+' Rating Still On Watch Negative After Agreement With Sirius XM Feb 17, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Liberty-Media-BB-Rating-Still-On-Watch-Negative-After-Agreement-With-Sirius-XM-703004>
  
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