Standard&Poor's Ratings Services' 'B' corporate credit rating on Beverly Hills, Calif.-based Live Nation Entertainment Inc. (formerly Live Nation Inc.), along with all issue-level ratings on the company's debt, remain on CreditWatch with positive implications. In addition, the 'BB' rating on subsidiary Ticketmaster Entertainment Inc., along with all related issue-level ratings, remain on CreditWatch with negative implications. We initially placed our ratings on both companies on CreditWatch on Feb. 11, 2009. They remain on CreditWatch pending federal court review of the DOJ's proposed settlement, which requires Ticketmaster to make concessions for it to merge with Live Nation. The settlement requires Ticketmaster to license its ticketing software to AEG Live, the second largest U.S. concert promoter and Ticketmaster's largest independent
