The ratings on Beverly Hills, Calif.-based Live Nation Inc., including its 'B' corporate credit rating, remain on CreditWatch with positive implications, where they were placed on Feb. 11, 2009, pending an all-stock merger with Ticketmaster Entertainment Inc., which is on CreditWatch with negative implications. If the transaction is completed, Ticketmaster would become a wholly owned subsidiary of Live Nation, which would continue as the public company parent of the combined companies under the name Live Nation Entertainment Inc. Standard&Poor's plans to maintain separate corporate credit ratings for both companies even though there may be minimal, or even no differentiation between them, despite current plans by the two companies to maintain separate capital structures. We would analyze the new
