On Nov. 22, 2005, Standard&Poor's Ratings Services said that its 'BB+' corporate credit rating on Englewood, Colo.-based Liberty Media Corp. remains on CreditWatch with negative implications, where it was placed on Nov. 10, 2005. The CreditWatch update followed Liberty's announcement that it has agreed to acquire a 51% interest in video games and services provider FUN Technologies PLC. The CreditWatch listing continues to reflect uncertainty surrounding Liberty's longer term plan to spin off its interactive assets (QVC Inc., IAC/InterActiveCorp, and Expedia Inc.) to a separate company. The capital structures at the tracking company and at Liberty, and the process through which the transaction is completed are further areas of concern. Total debt outstanding as of Sept. 30, 2005,
