Summary: Liberty Interactive Corp. - S&P Global Ratings’ Credit Research

Summary: Liberty Interactive Corp.

Summary: Liberty Interactive Corp. - S&P Global Ratings’ Credit Research
Summary: Liberty Interactive Corp.
Published Apr 30, 2014
2000 words — Published Apr 30, 2014
Price US$ 225.00  |  Buy this Report Now

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Abstract:

QVC's strong competitive position in TV-based retailing. Track record of solid operating performance. Good profit margin. Good discretionary cash flow. Strong liquidity. Moderate debt leverage. The rating outlook is stable. We believe that Liberty Interactive's steady operating performance will continue, absent another recession. We view the probability of an upgrade or downgrade as low. We could lower our rating on Liberty Interactive over the intermediate term if the company pursues sizable acquisitions or debt-financed share repurchases that we believe will likely push debt leverage above 4x on a sustained basis. An intermediate-term upgrade would require the company to articulate and demonstrate a commitment to a more conservative financial policy and acquisition strategy while preserving its solid competitive position and achieving

  
Brief Excerpt:

RESEARCH Summary: Liberty Interactive Corp. Publication date: 30-Apr-2014 Primary Credit Analyst: Andy Liu, CFA, New York (1) 312-233-7052; andy.liu@standardandpoors.com Secondary Contact: Naveen Sarma, New York (1) 212-438-7833;...

  
Report Type:

Summary

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

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Liberty Interactive Corp." Apr 30, 2014. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Liberty-Interactive-Corp-1307349>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Liberty Interactive Corp. Apr 30, 2014. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Liberty-Interactive-Corp-1307349>
  
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