We are equalizing our corporate credit ratings on Live Nation Entertainment and Ticketmaster Entertainment at 'B+'. We are assigning ratings to Live Nation Entertainment's $1.2 billion of senior secured credit facilities and its $250 million of senior notes. The positive rating outlook reflects the company's prospects for realizing potential operating synergies and modest cost savings. On April 21, 2010, Standard&Poor's Ratings Services raised its ratings on Beverly Hills, Calif.-based Live Nation Inc., raising the corporate credit rating to 'B+' from 'B'. At the same time, we lowered our ratings on subsidiary Ticketmaster Entertainment Inc., lowering the corporate credit rating to 'B+' from 'BB'. We removed all ratings from CreditWatch, where they were placed on Feb. 11, 2009. The
