SAN FRANCISCO (Standard&Poor's) Sept. 18, 2015--Standard&Poor's Ratings Services today revised its recovery rating on Fairfax, Va.-based Sophia L.P.'s senior secured term loan due 2022 to '3', indicating our expectation for meaningful (50%-70%, upper half of the range) recovery in the event of a default, from '2'. We subsequently lowered our issue-level rating on the debt to 'B' from 'B+', in accordance with our notching criteria. The rating action follows the company's proposal to upsize the term loan to $1.56 billion from $1.46 billion while simultaneously downsizing the unsecured notes due 2023 to $490 million from $590 million. The upsizing does not affect our view of the corporate credit rating, negative outlook, or the issue-level rating on
