NEW YORK (Standard&Poor's) Feb. 13, 2009--Standard&Poor's Ratings Services said today it revised its issue-level ratings on debt issued by Sirius XM Radio Inc. and its subsidiaries and removed the ratings from CreditWatch with negative implications, where they were placed on Jan. 16, 2009. We also assigned a preliminary 'CCC-/CC' rating to Sirius XM Radio's mixed Rule 415 shelf registration. We made the following changes to the issue-level and recovery ratings at Sirius XM Radio Inc.: We affirmed the 'B-' issue-level rating on the senior secured term debt due 2012 and removed it from CreditWatch, leaving the recovery rating unchanged at '1', indicating our expectation of very high (90%-100%) recovery. We also affirmed the 'CCC-' issue-level ratings
