On Sept. 12, 2006, Standard&Poor's Ratings Services revised its outlook on Sirius Satellite Radio Inc. to positive from stable. At the same time, we affirmed all ratings on the company, including the 'CCC' corporate credit rating. The New York-based satellite radio broadcasting company had nearly $1.1 billion in total debt outstanding as of June 30, 2006. The outlook revision reflects the company's growing subscription base and improved competitive position compared with rival XM Satellite Radio Holdings Inc. Net subscriber additions increased 64% in the second quarter of 2006 compared with the previous-year period. As a result, management revised subscription guidance up to 6.3 million from previous estimates of 6.2 million, and its revenue guidance to approximately $615 million
