Research Update: Liberty Media Corp. 'BB+' Corporate Credit Rating Still On Watch Negative - S&P Global Ratings’ Credit Research

Research Update: Liberty Media Corp. 'BB+' Corporate Credit Rating Still On Watch Negative

Research Update: Liberty Media Corp. 'BB+' Corporate Credit Rating Still On Watch Negative - S&P Global Ratings’ Credit Research
Research Update: Liberty Media Corp. 'BB+' Corporate Credit Rating Still On Watch Negative
Published Feb 10, 2009
922 words — Published Feb 10, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Feb. 10, 2009, 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, 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% 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, which we expect

  
Brief Excerpt:

RESEARCH Research Update: Liberty Media Corp. '##+' Corporate Credit Rating Still On Watch Negative Publication date: 10-Feb-2009 Primary Credit Analyst: Andy Liu, CFA, Chicago (1) 312-233-7052; andy_liu@standardandpoors.com Secondary...

  
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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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. "Research Update: Liberty Media Corp. 'BB+' Corporate Credit Rating Still On Watch Negative" Feb 10, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Liberty-Media-Corp-BB-Corporate-Credit-Rating-Still-On-Watch-Negative-701785>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Liberty Media Corp. 'BB+' Corporate Credit Rating Still On Watch Negative Feb 10, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Liberty-Media-Corp-BB-Corporate-Credit-Rating-Still-On-Watch-Negative-701785>
  
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