Research Update: Liberty Media Rating Lowered To 'BB-' From 'BB+'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Liberty Media Rating Lowered To 'BB-' From 'BB+'; Outlook Stable

Research Update: Liberty Media Rating Lowered To 'BB-' From 'BB+'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Liberty Media Rating Lowered To 'BB-' From 'BB+'; Outlook Stable
Published Nov 23, 2009
1856 words — Published Nov 23, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S. diversified media holding company Liberty Media has completed its split-off of Liberty Entertainment. We lowered our corporate credit rating on Liberty Media (and its wholly owned subsidiary, QVC Inc.) to 'BB-' from 'BB+', based on the reduction in asset support for Liberty debt. The stable rating outlook reflects our expectation that operating performance at Liberty Media's QVC and Starz assets will not experience significant deterioration. On Nov. 23, 2009, Standard&Poor's Ratings Services lowered its corporate credit rating on Liberty Media Corp. and its wholly owned subsidiary, QVC Inc., to 'BB-' from 'BB+'. The rating outlook is stable. At the same time, we lowered all related issue-level ratings on Liberty Media's and QVC's debt by two notches, in

  
Brief Excerpt:

RESEARCH Research Update: Liberty Media Rating Lowered To '##-' From '##+'; Outlook Stable Publication date: 23-Nov-2009 Primary Credit Analyst: Andy Liu, CFA, Chicago (1) 312-233-7052; andy_liu@standardandpoors.com Secondary Credit...

  
Report Type:

Research Update

Ticker
733237Z
Issuer
Liberty Interactive Corp.
GICS
Broadcasting & Cable TV (25401020)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Liberty Media Rating Lowered To 'BB-' From 'BB+'; Outlook Stable" Nov 23, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Liberty-Media-Rating-Lowered-To-BB-From-BB-Outlook-Stable-758827>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Liberty Media Rating Lowered To 'BB-' From 'BB+'; Outlook Stable Nov 23, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Liberty-Media-Rating-Lowered-To-BB-From-BB-Outlook-Stable-758827>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.