On Dec. 7, 2005, Standard&Poor's Ratings Services said that its 'BB+' corporate credit rating on Englewood, Colo.-based Liberty Media Corp. remains on CreditWatch, where it was placed with negative implications on Nov. 10, 2005. The CreditWatch update followed Liberty's announcement that it has signed a definitive agreement to acquire Provide Commerce Inc. The CreditWatch listing continues to reflect uncertainty surrounding Liberty's plan to create a tracking stock for its interactive assets (QVC Inc., IAC/InterActiveCorp, and Expedia Inc.), which may or may not lead to a spin-off. 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,
